Commonwealth Consolidated Acts

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ASIC makes transfer of registration declaration

                   ASIC may make a transfer of registration declaration in relation to the company under this section if ASIC is satisfied that:

                     (a)  the application complies with section 601AJ; and

                     (b)  the company's creditors are not likely to be materially prejudiced by the transfer of the company's registration; and

                     (c)  the law of the Commonwealth or of the State or Territory concerned adequately provides for:

                              (i)  the continuation of the company's legal personality after the transfer; and

                             (ii)  the preservation of any rights or claims against the company (other than the right of a member as a member) that accrued while the company was registered under this Act.

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