Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 435A

Object of Part

The object of this Part is to provide for the business, property and affairs of an insolvent company to be administered in a way that:

maximises the chances of the company, or as much as possible of its business, continuing in existence; or

if it is not possible for the company or its business to continue in existence—results in a better return for the company's creditors and members than would result from an immediate winding up of the company.

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