464
In forceApplication for winding up in connection with investigation under ASIC Act
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 5External administration
Part 5.4AWinding up by the Court on other grounds
464 Application for winding up in connection with investigation under ASIC Act
(1)
Where ASIC is investigating, or has investigated, under Division 1 of Part 3 of the ASIC Act:
(a)
matters being, or connected with, affairs of a company; or
(b)
matters including such matters;
ASIC may apply to the Court for the winding up of the company.
(2)
For the purposes of an application under subsection (1), this Act applies, with such modifications as the circumstances require, as if a winding up application had been made by the company.
(3)
ASIC must give a copy of an application made under subsection (1) to the company.
This Act’s bill:Explanatory memorandumSecond reading speech
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