Victorian Consolidated Legislation

Companies (Application of Laws) Act 1981 - SECT 37

Registered auditors and liquidators

37. Registered auditors and liquidators



(1) For the purposes of the Companies (Victoria) Code, a person who was,
immediately before the date of commencement of this Act, registered as an
auditor or as a liquidator or appointed as an official liquidator under the
Companies Act 1961 shall, subject to section 27 of that Code, be deemed to be
registered under Division 2 of Part II of that Code as an auditor, as a
liquidator or as an official liquidator, as the case may be, for the period of
6 months commencing on the date of commencement of this Act.

(2) Where-

   (a)  a person who is deemed by reason of subsection (1) to be registered
        under Division 2 of Part II of the Companies (Victoria) Code as an
        auditor or as a liquidator for the period of six months commencing on
        the date of commencement of this Act has applied to be registered
        under that Division as an auditor or as a liquidator, as the case may
        be, within that period of six months; and

   (b)  at the expiration of that period, the person has not been notified of
        the results of his application-

the person shall, subject to section 27 of that Code, be deemed to be
registered as an auditor or liquidator, as the case may be, for a further
period commencing at the expiration of the period referred to in paragraph (a)
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; and

   (d)  in the case of an application for registration as a liquidator-on the
        day on which the person is notified of the results of his application.

(3) Where the registration as a liquidator of a person to whom subsection (2)
applies comes into force under Division 2 of Part II of the Companies
(Victoria) Code, that person shall be deemed to have been registered as a
liquidator under that Division for the period commencing at the expiration of
the day referred to in paragraph (d) of subsection (2) and ending at the
expiration of the day before the day on which that registration comes into
force.

(4) A person who is deemed to be registered as an auditor, as a liquidator or
as an official liquidator under the provision of a law of a participating
State or participating Territory that corresponds with subsection (1) shall be
deemed to be registered as an auditor, as a liquidator or as an official
liquidator, as the case may be, under the Companies (Victoria) Code.