Corporations Amendment (Insolvency) Act 2007 (132 of 2007)

Schedule 2   Deterring corporate misconduct

Corporations Act 2001

7   After subsection 486A(2)

Insert:

(2A) An order under subsection (1) may only be made on the application of:

(a) a liquidator or provisional liquidator of the company; or

(b) ASIC.