Associations Incorporation Regulations 2016

This section applies if the Commissioner is satisfied that a person is a fit and proper person to exercise the powers and perform the duties of liquidator of an incorporated association, having regard to —

the property, debts and liabilities of the incorporated association; and

the interests of the creditors and members of the incorporated association.

The Commissioner may, in writing —

approve the person referred to in subregulation (1) acting as liquidator of the incorporated association, subject to any conditions the Commissioner considers appropriate; and

vary or revoke that approval or those conditions.

A person may act as liquidator of an incorporated association only in accordance with the Commissioner’s approval under subregulation (2).