Commonwealth Consolidated Acts

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Other powers of the Court

  (1)   The regulations may:

  (a)   confer powers on the Court in relation to the restructure of companies or restructuring plans; and

  (b)   prescribe whether those powers are to be exercised on the initiative of the Court or on the application of one or more persons; and

  (c)   prescribe persons who may apply to the Court for the exercise of those powers.

  (2)   Without limiting subsection   (1), the powers that may be conferred on the Court include the power:

  (a)   to vary or terminate a restructuring plan; and

  (b)   to declare a restructuring plan void.

  (3)   The powers conferred on the Court under regulations made for the purposes of this section are in addition to any other powers conferred on the Court.

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