Corporations Amendment Regulations 2007 (No. 13) (325 of 2007)
Schedule 1 Amendments
[5] After regulation 5.6.06
insert
(2) However, if the liquidator is the liquidator of a pooled group:
(a) subregulation (1) does not require the liquidator to open a separate account for each company in the group; and
(b) the liquidator may open a single bank account (to be known as the liquidator's general account ) in relation to the group and pay into the account all money received by the liquidator in relation to the liquidation of the companies in the group.
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