Corporations Act 2001

the principal place of business of a Part 5.7 body in this jurisdiction is taken, for all the purposes of the winding up, to be the registered office of the Part 5.7 body;

a Part 5.7 body is not to be wound up voluntarily under this Chapter;

the circumstances in which a Part 5.7 body may be wound up are as follows:

if the Part 5.7 body is unable to pay its debts, has been dissolved or deregistered, has ceased to carry on business in this jurisdiction or has a place of business in this jurisdiction only for the purpose of winding up its affairs;

if the Court is of opinion that it is just and equitable that the Part 5.7 body should be wound up;

if ASIC has stated in a report prepared under Division 1 of Part 3 of the ASIC Act that, in its opinion:

the Part 5.7 body cannot pay its debts and should be wound up; or

it is in the interests of the public, of the members, or of the creditors, that the Part 5.7 body should be wound up;

if the Part 5.7 body is a registrable Australian body—the winding up must deal only with the affairs of the body outside its place of origin.