THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.3A - ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT

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Pt 5.3A inserted by No 210 of 1992, s 56 (effective 23 June 1993).

Division 11 - Variation, termination and avoidance of deed

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Heading inserted by No 210 of 1992, s 56 (effective 23 June 1993).

SECTION 445B   COURT MAY CANCEL VARIATION  

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445B(1)  [Cancellation application by creditor]  

Where a deed of company arrangement is varied under section 445A, a creditor of the company may apply to the Court for an order cancelling the variation.

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S 445B(1) inserted by No 210 of 1992, s 56 (effective 23 June 1993).

445B(2)  [Court may cancel variation]  

On an application, the Court:

(a)  may make an order cancelling the variation, or confirming it, either wholly or in part, on such conditions (if any) as the order specifies; and

(b)  may make such other orders as it thinks appropriate.

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History

S 445B(2) inserted by No 210 of 1992, s 56 (effective 23 June 1993).

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