Changing, cancelling or suspending your liquidator registration

You can change your registration details or cancel or suspend your registration as a liquidator at any time.

Changing your registration

To change or update your liquidator registration details, you will need to lodge the relevant form – see Table 1.

Table 1: How to change or update your liquidator registration details

To change or update your:

you need to lodge:

name

Form 905A Notification of change to details of a liquidator

firm or practice name

Form 905A Notification of change to details of a liquidator

address

Form 905AB Changes in address details (only) and email of a registered liquidator

email address

Form 905AB Changes in address details (only) and email of a registered liquidator

details as an external administrator

Form 506 Notification of change of address of an external administrator

  • The forms in Table 1 can be lodged through the registered liquidators portal.
  • If you have become disqualified from managing corporations, you will need to lodge Form RL30 Notice of significant events involving a liquidator.

Cancelling your registration

To cancel your registration, you need to lodge Form RL08 Request to cancel or suspend registration as a liquidator.

We expect you to request cancellation of your registration if:

  • you cease to practise as a registered liquidator
  • you have not taken any external administration appointments for three years (unless you have informed us that you are completing existing appointments before ceasing to practise)
  • you leave Australia permanently, or you have lived outside Australia for 12 months or more and you do not intend to return immediately
  • you become a disqualified person
  • you become an insolvent under administration, or
  • you cease to be fit and proper to remain registered for any other reason.

If you do not request cancellation of your registration in these situations, we may cancel your registration (in certain circumstances) or we may refer you to a committee to determine the appropriate sanction.

We will generally grant your request for cancellation if we are satisfied that you have made adequate arrangements for transferring files, resigning from appointments and arranging replacements (if relevant) and run-off insurance cover, and there are no referrals to the committee or legal action pending against you in your capacity as an external administrator.

Suspending your registration

To suspend your registration, you need to lodge Form RL08 Request to cancel or suspend registration as a liquidator.

We expect you to request suspension of your registration if:

  • you take an extended period of leave or time out from practising as a liquidator
  • you leave your current practice and are unsure when you will recommence practice, or
  • you leave Australia permanently, or you have lived outside Australia for 12 months and you do not intend to return immediately.

We will generally grant your request for suspension if we are satisfied that you have made adequate arrangements for transferring files, resigning from appointments and arranging replacements (if relevant) and run-off insurance cover, and there are no referrals to the committee or legal action pending against you in your capacity as an external administrator.

During any period of suspension, you need to comply with any conditions imposed on your registration and your statutory reporting obligations. You will also need to apply to renew your registration if your previous renewal expires during the period of suspension. You will also continue to be liable for the levy imposed under the ASIC industry funding model.

Related information

More about registered liquidators

What's new

Insolvency reforms commence on 1 January 2021

Reforms to corporate insolvency laws commence on 1 January 2021 for companies with liabilities less than $1 million.  These reforms include:

-a new debt restructuring process for incorporated businesses

-a new, simplified liquidation pathway for small businesses, and

-a new class of registered liquidator who can only undertake the debt restructuring process.

Corporations Amendment (Corporate Insolvency Reforms) Act 2020

Corporations Amendment (Corporate Insolvency Reforms) Regulations 2020

Insolvency Practice Rules (Corporations) Amendment (Corporate Insolvency Reforms) Rules 2020

 

Industry funding

The Government has introduced new laws that change the way ASIC is funded. Regulated entities will receive an invoice for ASIC’s regulatory services delivered in the prior year. Find out what this means for registered liquidators.

 

Quicklinks

Insolvency Law Reform Act 2016

Releases on insolvency

Liquidator registration applications

Registered liquidator disciplinary decisions

Insolvency statistics

AFSA - ARITA - ASIC joint liaison meetings

 

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ASIC Corporate Insolvency Update

Published notices

View insolvency and deregistration notices on the published notices website.

Last updated: 20/10/2014 12:00