THE CORPORATIONS LAW

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.4A - WINDING UP BY THE COURT ON OTHER GROUNDS

SECTION 464   APPLICATION FOR WINDING UP IN CONNECTION WITH INVESTIGATION UNDER ASIC LAW  

464(1)  [Application by Commission]  

Where the Commission is investigating, or has investigated, under Division 1 of Part 3 of the ASIC Law:

(a)  matters being, or connected with, affairs of a company; or

(b)  matters including such matters;

the Commission may apply to the Court for the winding up of the company.

464(2)  [Application of Law]  

For the purposes of an application under subsection (1), this Law applies, with such modifications as the circumstances require, as if a winding up application had been made by the company.

464(3)  [Duty to give copy of application to company]  

The Commission shall give a copy of an application made under subsection (1) to the company.