579F
In forceVariation of pooling orders
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 5External administration
Part 5.6Winding up generally
Division 8Pooling
Subdivision BPooling orders
579F Variation of pooling orders
(1)
The Court may, by order, vary a pooling order if the Court is of the opinion that it is just and equitable to do so.
(2)
A pooling order may only be varied on the application of:
(a)
the liquidator of a company in the group; or
(b)
a creditor of a company in the group; or
(c)
in a case where a company in the group is being wound up under a members’ voluntary winding up—a member of the company, so long as the member is not a company in the group.
Lodgment of order
(3)
An order under subsection (1) must be lodged with ASIC.
This Act’s bill:Explanatory memorandumSecond reading speech
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