Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]


Appointment of liquidator

             (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.

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

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

Note:       This Part applies to a sub-fund of a CCIV in a modified form: see Division 5 of Part 8B.6.

AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback