Commonwealth Numbered Acts

COMPANIES ACT 1981 No. 89 of 1981 - SECT 25

25. (1) Where-

   (a)  a person who is a registered company auditor ceases to practise as an
        auditor; or

   (b)  a change occurs in any matter particulars of which are required by
        paragraph 23 (1) (a), (c) or (d) to be entered in the Register of
        Auditors in relation to a person who is a registered company auditor,
        the person shall, not later than 21 days after the occurrence of the
        event concerned, lodge with the Commission, in the prescribed form,
        particulars in writing of that event.

(2) Where-

   (a)  a person who is a registered liquidator ceases to practise as a
        liquidator; or

   (b)  a change occurs in any matter particulars of which are required by
        sub-paragraph 24 (1) (a) (i), (iii) or (iv) to be entered in the
        Register of Liquidators in relation to a person who is a
        registered liquidator, the person shall, not later than 21 days after
        the occurrence of the event concerned, lodge with the Commission, in
        the prescribed form, particulars in writing of that event.

(3) Where-

   (a)  a person who is registered as a liquidator of a specified corporation
        ceases to act as a liquidator in the winding up of that corporation;
        or

   (b)  a change occurs in any matter particulars of which are required by
        sub-paragraph 24 (1) (b) (i), (ii), (iv) or (v) to be entered in the
        Register of Liquidators in relation to a person who is registered as a
        liquidator of a specified corporation, the person shall, not later
        than 21 days after the occurrence of the event concerned, lodge with
        the Commission, in the prescribed form, particulars in writing of that
        event.

(4) Where a person who is registered as an auditor, as a liquidator or as a
liquidator of a specified corporation-

   (a)  becomes an insolvent under administration;

   (b)  becomes, by virtue of sub-section 227 (2), prohibited, without the
        leave of the Court, from acting as a director or promoter of, or from
        being concerned in or taking part in the management of, a corporation;
        or

   (c)  becomes prohibited, by virtue of an order made under section 562 or
        under a provision of a law of a State or of another Territory that
        corresponds with that section, from acting as a director of, or from
        being concerned in or taking part in the management of, a company or
        other corporation, the person shall, not later than 3 days after the
        occurrence of the event concerned, lodge with the Commission, in the
        prescribed form, particulars in writing of that event.