458A
In forceGeneral power to make orders
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 5External administration
Part 5.3BRestructuring of a company
Division 6Powers of Court
458A General power to make orders
(1)
The Court may make such order as it thinks appropriate about how this Part is to operate in relation to a particular company.
(2)
An order may be made subject to conditions.
(3)
An order may be made on the application of:
(a)
the company; or
(b)
a creditor of the company; or
(c)
the restructuring practitioner for the company or for a restructuring plan for the company; or
(d)
ASIC; or
(e)
any other interested person.
This Act’s bill:Explanatory memorandumSecond reading speech
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