Corporations Act 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.6 - WINDING UP GENERALLY  

Note: This Part applies to a sub-fund of a CCIV in a modified form: see Division 5 of Part 8B.6 .

Division 1A - When winding up taken to begin  

SECTION 513D  

513D   VALIDITY OF PROCEEDINGS IN EARLIER WINDING UP  
Where, at the time when:

(a) the Court orders under section 233, 459A, 459B or 461 that a company be wound up; or

(b) a company resolves by special resolution that it be wound up voluntarily;

a winding up of the company is already in progress, all proceedings in the last-mentioned winding up are taken to have been valid, except so far as the Court otherwise orders because fraud or mistake has been proved.