Insolvency Law Reform Act 2016 (11 of 2016)
Schedule 2 Amendments relating to the Insolvency Practice Schedule (Corporations)
Part 2 Amendments consequential on the introduction of the Insolvency Practice Schedule (Corporations)
Corporations Act 2001
150 Subsection 477(6)
Repeal the subsection, substitute:
(6) Subject to this Part, the liquidator must use his or her own discretion in the management of affairs and property of the company and the distribution of its property.
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