THE CORPORATIONS LAW

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.7A - RECIPROCITY WITH OTHER JURISDICTIONS

Division 2 - Winding up recognised companies

SECTION 588A   ENFORCEMENT OF WINDING UP ORDERS MADE IN OTHER JURISDICTIONS  

588A(1)  [Application of section]  

This section applies where:

(a)  the Federal Court makes under Chapter 5 of the Corporations Law of another jurisdiction; or

(b)  the Supreme Court of another jurisdiction makes under Chapter 5 of the Corporations Law of any jurisdiction; or

(c)  the Supreme Court of this jurisdiction makes under Chapter 5 of the Corporations Law of another jurisdiction;

an order for or in connection with the winding up of a body that is a company or Part 5.7 body within the meaning of that Chapter of that Law.

588A(2)  [Enforceability of order]  

The order has effect, and may be enforced in all respects, in this jurisdiction as if it were an order made under this Chapter, in relation to a company or Part 5.7 body, as the case may be, by:

(a)  if paragraph (1)(a) applies - the Federal Court; or

(b)  if paragraph (1)(b) or (c) applies - the Supreme Court of this jurisdiction.