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 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.