THE CORPORATIONS LAW

CHAPTER 5A - DEREGISTRATION OF COMPANIES

SECTION 601AF   ASIC'S POWER TO FULFIL OUTSTANDING OBLIGATIONS OF DEREGISTERED COMPANY  

601AF     ASIC may do an act on behalf of the company or its liquidator if ASIC is satisfied that the company or liquidator would be bound to do the act if the company still existed.

Note:

This power is a general one and is not limited to acts in relation to property vested in ASIC under subsection 601AD(2). ASIC has all the powers that automatically flow from the vesting of property in ASIC under that subsection (see subsection 601AD(4)) and may exercise those powers whether or not the company was bound to do so.