Corporations Act 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.3B - RESTRUCTURING OF A COMPANY  

Note: This Part does not apply to a CCIV or a sub-fund of a CCIV: see Division 4 of Part 8B.6 .

Division 2 - Restructuring  

Subdivision E - Effect on company etc. during restructuring  

SECTION 453V   LIS PENDENS TAKEN TO EXIST  

453V(1)    
This section has effect only for the purposes of a law about the effect of a lis pendens on purchasers or mortgagees.

453V(2)    
During the restructuring of the company, an application to wind up the company is taken to be pending.

453V(3)    
An application that is taken because of subsection (2) to be pending constitutes a lis pendens.