reg 18
In forceProcedure for winding up on certificate
18 Procedure for winding up on certificate
For the purposes of section 130(5)(b) of the Act, the prescribed security is $50 000 in the form of—
(a)
cash; or
(b)
a cheque drawn on an authorised deposit‑taking institution; or
(c)
a certificate of deposit issued by an authorised deposit-taking institution; or
(d)
a debenture or security that is guaranteed by the government of a State or a Territory or the Commonwealth; or
(e)
a surety issued by an authorised deposit‑taking institution or a body corporate authorised to carry on insurance business under the Insurance Act 1973 of the Commonwealth.
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