Corporations Act 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.5 - VOLUNTARY WINDING UP  

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Note: This Part applies to a sub-fund of a CCIV in a modified form: see Division 5 of Part 8B.6 .

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History

Pt 5.5 amended by No 8 of 2022, s 3, Sch 2[150] (effective 1 July 2022).

Division 1 - Resolution for winding up  

SECTION 491   CIRCUMSTANCES IN WHICH COMPANY MAY BE WOUND UP VOLUNTARILY  

491(1)    
Subject to section 490 , a company may be wound up voluntarily if the company so resolves by special resolution.

491(2)    
A company must:

(a)    

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within 7 days after the passing of a resolution for voluntary winding up, lodge with the Registrar a notice setting out the text of the resolution; and

(b)    

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within the period ascertained in accordance with the regulations, cause a notice setting out the prescribed information about the resolution to be published in the prescribed manner.

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History

S 491(2) amended by No 141 of 2020, s 3, Sch 4[119] (effective 1 July 2024).

S 491(2) amended by No 11 of 2016, s 3, Sch 3[28].

S 491(2) amended by No 48 of 2012, s 3, Sch 1, Pt 2 [ 13].

491(3)    

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A lodgement under paragraph (2)(a) must meet any requirements of the data standards.

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History

S 491(3) inserted by No 141 of 2020, s 3, Sch 4[120] (effective 1 July 2024).

[ CCH Note: There is no section 492.]

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