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CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.6 - WINDING UP GENERALLY  

Division 8 - Pooling    View history reference

Subdivision B - Pooling orders    View history reference

SECTION 579F  VARIATION OF POOLING ORDERS  

 View history reference

579F(1)  [Powers of Court]  


The Court may, by order, vary a pooling order if the Court is of the opinion that it is just and equitable to do so.

579F(2)  [Standing]  


A pooling order may only be varied on the application of:


(a) the liquidator of a company in the group; or


(b) a creditor of a company in the group; or


(c) in a case where a company in the group is being wound up under a members' voluntary winding up - a member of the company, so long as the member is not a company in the group.

579F(3)  Lodgment of order.  


An order under subsection (1) must be lodged with ASIC.


 



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