Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 573

Lodgment of copy of pooling determination etc.

Pooling determination

             (1)  Within 7 days after a pooling determination comes into force in relation to a group of 2 or more companies, the liquidator or liquidators of the companies in the group must lodge a copy of the determination with ASIC.

Note:          A pooling determination comes into force when it is approved by the eligible unsecured creditors of each of the companies in the group--see section 578.

Variation of pooling determination

             (2)  Within 7 days after a variation of a pooling determination comes into force in relation to a group of 2 or more companies, the liquidator or liquidators of the companies in the group must lodge a copy of the variation with ASIC.

Note:          A variation of a pooling determination comes into force when it is approved by the eligible unsecured creditors of each of the companies in the group--see section 578.



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