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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 459S
Company may not oppose application on certain grounds
(1) In so far as an application for a company to be wound up in insolvency
relies on a failure by the company to comply with a statutory demand, the
company may not, without the leave of the Court, oppose the application on a
- that the company relied on for the purposes of an application by
it for the demand to be set aside; or
- that the company could have so relied on, but did not so rely on (whether
it made such an application or not).
(2) The Court is not to grant leave under subsection (1) unless it is
satisfied that the ground is material to proving that the company is solvent.
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