Corporations Act 2001
Note: This Part does not apply to a CCIV or a sub-fund of a CCIV: see Division 5 of Part 8B.6 .
View history note
Hide history noteIf ASIC orders under section 489EA that a company be wound up:
(a) the company is taken to have passed a special resolution under section 491 that the company be wound up voluntarily; and
(b) the company is taken to have passed the special resolution:
(i) at the time when ASIC made the order under section 489EA ; and
(ii) without a declaration having been made and lodged under section 494 ; and
(c) section 496 has effect as if:
(i) a declaration had been made under section 494 ; and
(ii) the reference in subsection 496(1) to the period stated in the declaration were a reference to the 12-month period beginning when ASIC made the order under section 489EA ; and
(d) section 497 is taken to have been complied with in relation to the winding up.
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