New South Wales Consolidated Regulations

ASSOCIATIONS INCORPORATION REGULATION 1999 - REG 16

16 Additional persons qualified to be liquidators

(1) The Director-General may, by instrument in writing, approve of any person acting as liquidator of an incorporated association if satisfied that the person has sufficient experience and ability, and is a fit and proper person, to exercise and perform the powers, authorities, duties and functions of liquidator of the association.

(2) For the purpose of becoming satisfied of those matters, the Director-General must have regard to:

(a) the nature of the property and to the objects of the association, and

(b) the interests of the creditors and members of the association.

(3) The Director-General may, by instrument in writing served on a liquidator, revoke an approval under this clause.