Corporations Act 2001

CHAPTER 5A - DEREGISTRATION, AND TRANSFER OF REGISTRATION, OF COMPANIES  

PART 5A.1 - DEREGISTRATION  

Note 1: This Part applies to the deregistration of CCIVs with modifications: see Subdivision A of Division 9 of Part 8B.6 .

Note 2: For the deregistration of sub-funds of CCIVs, see Subdivision A of Division 9 of Part 8B.6 .

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History

Pt 5A.1 amended by No 8 of 2022, s 3, Sch 2[158] (effective 1 July 2022).

SECTION 601AF  

601AF   THE COMMONWEALTH ' S AND ASIC ' S POWER TO FULFIL OUTSTANDING OBLIGATIONS OF DEREGISTERED COMPANY  

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The Commonwealth or ASIC may do an act on behalf of the company or its liquidator if the Commonwealth or ASIC is satisfied that the company or liquidator would be bound to do the act if the company still existed.

Note: This power is a general one and is not limited to acts in relation to property vested in the Commonwealth under subsection 601AD(1A) , or ASIC under subsection 601AD(2) . The Commonwealth or ASIC has all the powers that automatically flow from the vesting of property under that subsection (see subsections 601AD(3A) and (4) ) and may exercise those powers whether or not the company was bound to do so.

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History

S 601AF amended by No 74 of 2007, s 3, Sch 1, Pt 1 [ 31-33] (effective 1 July 2007).

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