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 5.4 - WINDING UP IN INSOLVENCY

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History

Heading substituted by No 210 of 1992, s 57 (effective 23 June 1993).

CCH Note: See s 1382-1383.

Division 1 - When company to be wound up in insolvency

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History

Heading substituted by No 210 of 1992, s 57 (effective 23 June 1993).

CCH Note: See s 1382-1383.

SECTION 459D   CONTINGENT OR PROSPECTIVE LIABILITY RELEVANT TO WHETHER COMPANY SOLVENT  

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459D(1)  [Contingent or prospective liability]  

In determining, for the purposes of an application of a kind referred to in subsection 459C(1), whether or not the company is solvent, the Court may take into account a contingent or prospective liability of the company.

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History

S 459D(1) inserted by No 210 of 1992, s 57 (effective 23 June 1993).

CCH Note: see s 1382-1383.

459D(2)  [Other matters may be taken into account]  

Subsection (1) does not limit the matters that may be taken into account in determining, for a particular purpose, whether or not a company is solvent.

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History

S 459D(2) inserted by No 210 of 1992, s 57 (effective 23 June 1993).

CCH Note: see s 1382-1383.

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