Company Law Review Act 1998 (61 of 1998)

Schedule 2   Consequential amendment of the Corporations Law

Part 1   Registering a company (new Chapter 2A) Basic features of a company (new Chapter 2B) Members' rights and remedies (new Chapter 2F)

119   After subsection 462(2)

Insert:

(2A) The Commission may apply for an order to wind up a company under paragraph (2)(f) only if:

(a) the company has no members; and

(b) the Commission has given the company at least 1 month's written notice of its intention to apply for the order.