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 5.4B - WINDING UP IN INSOLVENCY OR BY THE COURT

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History

Heading to Pt 5.4B inserted by No 210 of 1992, s 62 (effective 23 June 1993).

CCH Note: 1382-1383.

Division 1 - General

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History

Heading inserted by No 210 of 1992, s 62 (effective 23 June 1993).

CCH Note: See s 1382-1383.

SECTION 465B   SUBSTITUTION OF APPLICANTS  

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465B(1)  (Substitution of person who could have applied)  

The Court may by order substitute, as applicant or applicants in an application under section 459P, 462 or 464 for a company to be wound up, a person or persons who might otherwise have so applied for the company to be wound up.

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History

S 465B(1) inserted by No 210 of 1992, s 62 (effective 23 June 1993).

CCH Note: see s 1382-1383.

465B(2)  (Grounds for substitution)  

The Court may only make an order if the Court thinks it appropriate to do so:

(a)  because the application is not being proceeded with diligently enough; or

(b)  for some other reason.

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History

S 465B(2) inserted by No 210 of 1992, s 62 (effective 23 June 1993).

CCH Note: see s 1382-1383.

465B(3)  (Substituted applicant may be original applicant)  

The substituted applicant may be, or the substituted applicants may be or include, the person who was the applicant, or any of the persons who were the applicants, before the substitution.

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History

S 465B(3) inserted by No 210 of 1992, s 62 (effective 23 June 1993).

CCH Note: see s 1382-1383.

465B(4)  (Substituted applicant to proceed as original applicant)  

After an order is made, the application may proceed as if the substituted applicant or applicants had been the original applicant or applicants.

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History

S 465B(4) inserted by No 210 of 1992, s 62 (effective 23 June 1993).

CCH Note: see s 1382-1383.

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