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CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.4B - WINDING UP IN INSOLVENCY OR BY THE COURT  

Division 1 - General  

SECTION 467A  

467A  EFFECT OF DEFECT OR IRREGULARITY ON APPLICATION UNDER PART 5.4 OR 5.4A  

An application under Part 5.4 or 5.4A must not be dismissed merely because of one or more of the following:


(a) in any case - a defect or irregularity in connection with the application;


(b) in the case of an application for a company to be wound up in insolvency - a defect in a statutory demand;

unless the Court is satisfied that substantial injustice has been caused that cannot otherwise be remedied (for example, by an adjournment or an order for costs).

 



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