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 5C - MANAGED INVESTMENT SCHEMES

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Chapter 5C inserted by No 62 of 1998, Sch 1 (effective 1 July 1998).

PART 5C.9 - WINDING UP

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Part 5C.9 inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

SECTION 601NF   OTHER ORDERS ABOUT WINDING UP  

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601NF(1)  [Appointment of person]  

The Court may, by order, appoint a person to take responsibility for ensuring a registered scheme is wound up in accordance with its constitution and any orders under subsection (2) if the Court thinks it necessary to do so (including for the reason that the responsible entity has ceased to exist or is not properly discharging its obligations in relation to the winding up).

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S 601NF(1) inserted by No 62 of 1998, Sch 1 (effective 1 July 1998).

601NF(2)  [Directions]  

The Court may, by order, give directions about how a registered scheme is to be wound up if the Court thinks it necessary to do so (including for the reason that the provisions in the scheme's constitution are inadequate or impracticable).

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S 601NF(2) inserted by No 62 of 1998, Sch 1 (effective 1 July 1998).

601NF(3)  [Order]  

An order under subsection (1) or (2) may be made on the application of:

(a)  the responsible entity; or

(b)  a director of the responsible entity; or

(c)  a member of the scheme; or

(d)  ASIC.

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S 601NF(3) amended by No 54 of 1998, Sch 6, Pt 2 (effective 1 July 1998).

S 601NF(3) inserted by No 62 of 1998, Sch 1 (effective 1 July 1998).

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