The public interest in enforcement of Part IV of the Trade Practices Act is a relevant and weighty factor in the exercise of the Court's discretion to reinstate a deregistered company under s 601AH(2) of the Corporations Law. A company may be reinstated for the purpose of joining it as a defendant in penalty proceedings even where it has no assets, provided the applicant meets the liquidator's costs. Upon reinstatement of a company deregistered after a members' voluntary winding up, the liquidator resumes office and the directors, though they resume office under s 601AH(5), have no management power under s 495(2) and are not exposed to insolvent trading liability.
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