Commonwealth Consolidated Acts

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Variation of pooling orders

             (1)  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.

             (2)  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.

Lodgment of order

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

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