(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.