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CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.4C - WINDING UP BY ASIC    View history reference

SECTION 489EC  APPOINTMENT OF LIQUIDATOR  

 View history reference

489EC(1)  

If ASIC orders under section 489EA that a company be wound up, ASIC may appoint a liquidator for the purpose of winding up the affairs and distributing the property of the company.

Note: For the remuneration of liquidators appointed under this section, see Subdivision D of Division 60 of Schedule 2.

[CCH Note: Regulation 10.25.02(3)(h) (which was effective 1 March 2017) provides that the amendments made by No 11 of 2016, s 3, Sch 2[157] apply in relation to external administrations on and after 1 September 2017.]

489EC(2)  

An appointment of a liquidator by ASIC must not be made without the written consent of the liquidator.

489EC(3)  

A vacancy in the office of a liquidator appointed by ASIC is to be filled by the appointment of a liquidator by ASIC.


 



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