Cancelling or suspending your liquidator registration
You can cancel or suspend your registration as a liquidator at any time.
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
- RG 258 Registered liquidators: Registration, disciplinary actions and insurance requirements
- Accessing the registered liquidators portal
- Form RL30 Notice of significant events involving a liquidator