Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1278

1278. (1) For the purposes of this Act, a person who was, immediately before
the commencement of this section, registered as an auditor, as a liquidator,
as a liquidator of a specified body corporate, or as an official liquidator,
under a law corresponding to this Division shall, subject to this Part, be
deemed to be registered under this Division as an auditor, as a liquidator, as
a liquidator of that body, or as an official liquidator, as the case may be,
for the period of 6 months beginning on the day of that commencement.

(2) Where:

   (a)  a person who is deemed because of subsection (1) to be registered
        under this Division as an auditor, as a liquidator, or as a liquidator
        of a specified body corporate, for the period of 6 months commencing
        on the day of commencement of this Act has applied within that period
        to be registered under this Division as an auditor, as a liquidator,
        or as a liquidator of that body, as the case may be; and

   (b)  at the end of that period, the person has not been notified of the
        results of the application; the person shall, subject to this Part, be
        deemed to be registered as an auditor, as a liquidator, or as a
        liquidator of that body, as the case may be, for a further period
        beginning at the end of the first-mentioned period and ending:

   (c)  in the case of an application for registration as an auditor-on the
        day on which the application is granted or refused; or

   (d)  in the case of an application for registration as a liquidator, or as
        a liquidator of that body, on the day on which the person is notified
        of the results of the application.

(3) Where the registration, as a liquidator, or as a liquidator of a specified
body corporate, of a person to whom subsection (2) applies comes into force
under this Division, the person shall be deemed to have been registered as a
liquidator, or as a liquidator of that body, as the case may be, under this
Division for the period beginning at the end of the day referred to in
paragraph (2) (d) and ending at the end of the day before the day on which
that registration comes into force.

(4) Where, at the time immediately before the commencement of this section, a
person's registration, under a law corresponding to this Division, as an
auditor, as a liquidator, or as a liquidator of a specified body corporate,
was suspended, subsections (1), (2) and (3) apply as if the registration had
not been suspended at that time. Application for registration as auditor or
liquidator
1279. (1) A natural person may make an application to the Commission:

   (a)  for registration as an auditor;

   (b)  for registration as a liquidator; or

   (c)  for registration as a liquidator of a specified body corporate, being
        a body corporate that is to be wound up under this Act.

(2) An application under this section shall be made in writing as prescribed
and shall contain such information as is prescribed.