Contents

Chapter 2L--Debentures                                                                                                   1

Part 2L.1--Requirement for trust deed and trustee                                         1

283AA.. Requirement for trust deed and trustee ................................................ 1

283AB.. Trust deed ........................................................................................... 2

283AC.. Who can be a trustee ........................................................................... 2

283AD.. Existing trustee continues to act until new trustee takes office ............ 3

283AE... Replacement of trustee ........................................................................ 3

Part 2L.2--Duties of borrower                                                                                      5

283BA.. Duties of borrower .............................................................................. 5

283BB... General duties ..................................................................................... 5

283BC... Duty to notify ASIC of information related to trustee ......................... 5

283BCA Register relating to trustees for debenture holders ............................... 6

283BD.. Duty to replace trustee ......................................................................... 6

283BE... Duty to inform trustee about security interests .................................... 6

283BF... Duty to give trustee and ASIC quarterly reports ................................. 7

283BG.. Exceptions to borrower's duty to report to trustee and ASIC ............. 9

283BH.. How debentures may be described ...................................................... 9

283BI.... Offences for failure to comply with statutory duties ......................... 11

Part 2L.3--Duties of guarantor                                                                                   12

283CA.. Duties of guarantor ........................................................................... 12

283CB... General duties ................................................................................... 12

283CC... Duty to inform trustee about security interests .................................. 12

283CD.. Exceptions to guarantor's duty to inform trustee ............................... 13

283CE... Offences for failure to comply with statutory duties ......................... 13

Part 2L.4--Trustee                                                                                                              14

283DA.. Trustee's duties ................................................................................. 14

283DB.. Exemptions and indemnifications of trustee from liability ................. 15

283DC.. Indemnity .......................................................................................... 16

Part 2L.5--Meetings of debenture holders                                                           17

283EA... Borrower's duty to call meeting ........................................................ 17

283EB... Trustee's power to call meeting ......................................................... 18

283EC... Court may order meeting ................................................................... 18

Part 2L.6--Civil liability                                                                                                   20

283F...... Civil liability for contravening this Chapter ....................................... 20

Part 2L.7--ASIC powers                                                                                                 21

283GA.. ASIC's power to exempt and modify ............................................... 21

283GB.. ASIC may approve body corporate to be trustee ............................... 22

Part 2L.8--Court                                                                                                                  23

283HA.. General Court power to give directions and determine questions ...... 23

283HB.. Specific Court powers ....................................................................... 23

Part 2L.9--Location of other debenture provisions                                        25

283I....... Signpost to other debenture provisions ............................................. 25

Chapter 2M--Financial reports and audit                                                            26

Part 2M.1--Overview                                                                                                         26

285........ Overview of obligations under this Chapter ...................................... 26

285A..... Overview of obligations of companies limited by guarantee ............. 28

Part 2M.2--Financial records                                                                                       30

286........ Obligation to keep financial records .................................................. 30

287........ Language requirements ..................................................................... 30

288........ Physical format ................................................................................. 31

289........ Place where records are kept ............................................................. 31

290........ Director access .................................................................................. 32

291........ Signposts to other relevant provisions .............................................. 32

Part 2M.3--Financial reporting                                                                                   34

Division 1--Annual financial reports and directors' reports                34

292........ Who has to prepare annual financial reports and directors' reports ... 34

293........ Small proprietary company--shareholder direction .......................... 35

294........ Small proprietary company--ASIC direction ................................... 35

294A..... Small company limited by guarantee--member direction .................. 36

294B..... Small company limited by guarantee--ASIC direction ..................... 36

295........ Contents of annual financial report .................................................... 37

295A..... Declaration in relation to listed entity's financial statements by chief executive officer and chief financial officer    38

296........ Compliance with accounting standards and regulations .................... 40

297........ True and fair view ............................................................................. 41

298........ Annual directors' report .................................................................... 41

299........ Annual directors' report--general information ................................. 42

299A..... Annual directors' report--additional general requirements for listed entities            43

300........ Annual directors' report--specific information ................................. 44

300A..... Annual directors' report--specific information to be provided by listed companies                 51

300B..... Annual directors' report--companies limited by guarantee ............... 55

301........ Audit of annual financial report ......................................................... 56

Division 2--Half-year financial report and directors' report               58

302........ Disclosing entity must prepare half-year financial report and directors' report          58

303........ Contents of half-year financial report ................................................ 58

304........ Compliance with accounting standards and regulations .................... 59

305........ True and fair view ............................................................................. 60

306........ Half-year directors' report ................................................................. 60

Division 3--Audit and auditor's report                                                             62

307........ Audit ................................................................................................. 62

307A..... Audit to be conducted in accordance with auditing standards ........... 62

307B..... Audit working papers to be retained for 7 years ............................... 63

307C..... Auditor's independence declaration .................................................. 65

308........ Auditor's report on annual financial report ....................................... 68

309........ Auditor's report on half-year financial report .................................... 69

310........ Auditor's power to obtain information .............................................. 71

311........ Reporting to ASIC ............................................................................ 71

312........ Assisting auditor ............................................................................... 74

313........ Special provisions on audit of debenture issuers and guarantors ...... 74

Division 4--Annual financial reporting to members                                  76

314........ Annual financial reporting to members ............................................. 76

315........ Deadline for reporting to members .................................................... 78

316........ Member's choices for annual financial information .......................... 79

316A..... Annual financial reporting to members of companies limited by guarantee               80

317........ Consideration of reports at AGM ..................................................... 81

318........ Additional reporting by debenture issuers ......................................... 81

Division 5--Lodging reports with ASIC                                                           83

319........ Lodgment of annual reports with ASIC ............................................ 83

320........ Lodgment of half-year reports with ASIC ........................................ 83

321........ ASIC power to require lodgment ...................................................... 84

322........ Relodgment if financial statements or directors' reports amended after lodgment     84

Division 6--Special provisions about consolidated financial statements                85

323........ Directors and officers of controlled entity to give information .......... 85

323A..... Auditor's power to obtain information from controlled entity ........... 85

323B..... Controlled entity to assist auditor ...................................................... 85

323C..... Application of Division to entity that has ceased to be controlled ..... 86

Division 7--Financial years and half-years                                                     87

323D..... Financial years and half-years ........................................................... 87

Division 8--Disclosure by listed companies of information filed overseas           89

323DA.. Listed companies to disclose information filed overseas ................... 89

Division 9--Reference of financial report to the Financial Reporting Panel      90

Subdivision A--Preliminary                                                                                  90

323EA... Financial reports to which Division applies ...................................... 90

323EB... Referral of financial report to Financial Reporting Panel ................... 90

Subdivision B--Referral by ASIC                                                                        91

323EC... ASIC may refer financial report to the Financial Reporting Panel ..... 91

323ED... ASIC to notify lodging entity of proposed referral ........................... 91

323EE... Lodging entity to respond to ASIC notice ......................................... 91

323EF... Referral to Financial Reporting Panel ................................................ 92

Subdivision C--Referral by lodging entity                                                        93

323EG... Lodging entity may refer financial report to the Financial Reporting Panel with ASIC's consent             93

323EH... Lodging entity to apply to ASIC for consent to proposed referral .... 94

323EI.... Referral to Financial Reporting Panel ................................................ 95

Subdivision D--Financial Reporting Panel dealing with reference             95

323EJ.... Financial Reporting Panel to obtain submissions from ASIC and lodging entity      95

323EK... Financial Reporting Panel to consider and report on financial report referred to it under section 323EC or 323EG 96

323EL... Power of Financial Reporting Panel to dismiss referral .................... 97

323EM.. Court, or tribunal of fact, may have regard to Financial Reporting Panel report        97

Part 2M.4--Appointment and removal of auditors                                         98

Division 1--Entities that may be appointed as an auditor for a company or registered scheme             98

324AA.. Individual auditors, audit firms and authorised audit companies ....... 98

324AB.. Effect of appointing firm as auditor--general ................................... 98

324AC.. Effect of appointing firm as auditor--reconstitution of firm ............. 99

324AD.. Effect of appointing company as auditor ......................................... 100

324AE... Professional members of the audit team .......................................... 101

324AF... Lead and review auditors ................................................................ 101

Division 2--Registration requirements                                                            102

324BA.. Registration requirements for appointment of individual as auditor 102

324BB... Registration requirements for appointment of firm as auditor ......... 102

324BC... Registration requirements for appointment of company as auditor .. 104

324BD.. Exception from registration requirement for proprietary company .. 105

324BE... Exception from registration requirement--reviewing financial reports of companies limited by guarantee               107

Division 3--Auditor independence                                                                     108

Subdivision A--General requirement                                                                108

324CA.. General requirement for auditor independence--auditors ............... 108

324CB... General requirement for auditor independence--member of audit firm 111

324CC... General requirement for auditor independence--director of audit company              114

324CD.. Conflict of interest situation ............................................................ 118

Subdivision B--Specific requirements                                                              119

324CE... Auditor independence--specific requirements for individual auditor 119

324CF... Auditor independence--specific requirements for audit firm .......... 124

324CG.. Auditor independence--specific requirements for audit company .. 130

324CH.. Relevant relationships ..................................................................... 138

324CI.... Special rule for retiring partners of audit firms and retiring directors of authorised audit companies        144

324CJ.... Special rule for retiring professional member of audit company ..... 144

324CK... Multiple former audit firm partners or audit company
directors .......................................................................................... 145

Subdivision C--Common provisions                                                                 145

324CL... People who are regarded as officers of a company for the purposes of this Division               145

Division 4--Deliberately disqualifying auditor                                            147

324CM.. Deliberately disqualifying auditor ................................................... 147

Division 5--Auditor rotation for listed companies                                    149

324DA.. Limited term for eligibility to play significant role in audit of a listed company or listed registered scheme              149

324DB.. Individual's rotation obligation ....................................................... 150

324DC.. Audit firm's rotation obligation ....................................................... 150

324DD.. Audit company's rotation obligation ............................................... 151

Division 6--Appointment, removal and fees of auditors for companies                154

Subdivision A--Appointment of company auditors                                       154

325........ Appointment of auditor by proprietary company ............................ 154

327A..... Public company auditor (initial appointment of auditor) .................. 154

327B..... Public company auditor (annual appointments at AGMs to fill vacancies)                154

327C..... Public company auditor (appointment to fill casual vacancy) .......... 156

327D..... Appointment to replace auditor removed from office ...................... 156

327E...... ASIC may appoint public company auditor if auditor removed but not replaced       157

327F...... ASIC's general power to appoint public company auditor .............. 158

327G..... Restrictions on ASIC's powers to appoint public company auditor 158

327H..... Effect on appointment of public company auditor of company beginning to be controlled by a corporation             159

327I....... Remaining auditors may act during vacancy ................................... 159

328A..... Auditor's consent to appointment ................................................... 159

328B..... Nomination of auditor ..................................................................... 160

Subdivision B--Removal and resignation of company auditors                161

329........ Removal and resignation of auditors ............................................... 161

330........ Effect of winding up on office of auditor ........................................ 163

Subdivision C--Company auditors' fees and expenses                                 163

331........ Fees and expenses of auditors ......................................................... 163

Division 7--Appointment, removal and fees of auditors for registered schemes              164

Subdivision A--Appointment of registered scheme auditors                       164

331AAA  Registered scheme auditor (initial appointment of auditor) ............ 164

331AAB  Registered scheme auditor (appointment to fill vacancy) ............... 166

331AAC  ASIC's power to appoint registered scheme auditor ..................... 166

331AAD  Remaining auditors may act during vacancy ................................. 166

Subdivision B--Removal and resignation of registered scheme auditors 166

331AC.. Removal and resignation of auditors ............................................... 166

331AD.. Effect of winding up on office of auditor ........................................ 168

Subdivision C--Fees and expenses of auditors                                                168

331AE... Fees and expenses of auditors ......................................................... 168

Part 2M.5--Accounting and auditing standards                                             169

334........ Accounting standards ...................................................................... 169

335........ Equity accounting ............................................................................ 169

336........ Auditing standards .......................................................................... 169

337........ Interpretation of accounting and auditing standards ........................ 170

338........ Evidence of text of accounting standard or auditing standard .......... 170

Part 2M.6--Exemptions and modifications                                                        171

340........ Exemption orders--companies, registered schemes and disclosing entities              171

341........ Exemption orders--class orders for companies, registered schemes and disclosing entities     171

342........ Exemption orders--criteria for orders for companies, registered schemes and disclosing entities            172

342AA.. Exemption orders--non-auditor members and former members of audit firms; former employees of audit
companies ....................................................................................... 173

342AB.. Exemption orders--class orders for non-auditor members etc. ....... 174

342AC.. Exemption orders--criteria for orders for non-auditor members etc. 174

342A..... ASIC's power to modify the operation of section 324DA .............. 174

342B..... Auditor to notify company or registered scheme of section 342A declaration           176

343........ Modification by regulations ............................................................ 176

Part 2M.7--Sanctions for contraventions of Chapter                                 177

344........ Contravention of Part 2M.2 or 2M.3 .............................................. 177

Chapter 2N--Updating ASIC information about companies and registered schemes    178

Part 2N.1--Review date                                                                                                  178

345A..... Review date ..................................................................................... 178

345B..... Company or responsible entity may change review date ................. 179

345C..... When choice has effect .................................................................... 179

Part 2N.2--Extract of particulars                                                                            180

346A..... ASIC must give an extract of particulars each year ......................... 180

346B..... ASIC may ask questions ................................................................. 180

346C..... Requirements in relation to an extract of particulars ........................ 180

Part 2N.3--Solvency resolution                                                                                  182

347A..... Directors must pass a solvency resolution after each review date ... 182

347B..... Notice to ASIC ............................................................................... 182

347C..... Payment of review fee is taken to be a representation by the directors that the company is solvent           183

Part 2N.4--Return of particulars                                                                             184

348A..... ASIC may give a return of particulars ............................................. 184

348B..... ASIC may ask questions ................................................................. 184

348C..... ASIC may require a solvency resolution and statement .................. 184

348D..... General requirements in relation to a return of particulars ............... 185

Part 2N.5--Notice by proprietary companies of changes to ultimate holding company                 187

349A..... Proprietary companies must notify ASIC of changes to ultimate holding company 187

349B..... Another company becomes an ultimate holding company ............... 187

349C..... A company ceases to be an ultimate holding company .................... 187

349D..... Ultimate holding company changes its name ................................... 188

Chapter 2P--Lodgments with ASIC                                                                      189

350........ Forms for documents to be lodged with ASIC ............................... 189

351........ Signing documents lodged with ASIC ............................................ 190

352........ Documents lodged with ASIC electronically .................................. 190

353........ Electronic lodgment of certain documents ....................................... 190

354........ Telephone notice of certain changes ................................................ 191

Chapter 5--External administration                                                                      192

Part 5.1--Arrangements and reconstructions                                                   192

410........ Interpretation ................................................................................... 192

411........ Administration of compromises etc. ................................................ 192

412........ Information as to compromise with creditors .................................. 199

413........ Provisions for facilitating reconstruction and amalgamation of Part 5.1 bodies         201

414........ Acquisition of shares of shareholders dissenting from scheme or contract approved by majority             203

415........ Notification of appointment of scheme manager and power of Court to require report             206

Part 5.2--Receivers, and other controllers, of property of corporations                 208

416........ Definitions ...................................................................................... 208

417........ Application of Part .......................................................................... 208

418........ Persons not to act as receivers ......................................................... 209

418A..... Court may declare whether controller is validly acting .................... 209

419........ Liability of controller ....................................................................... 210

419A..... Liability of controller under pre-existing agreement about property used by corporation          211

420........ Powers of receiver .......................................................................... 212

420A..... Controller's duty of care in exercising power of sale ...................... 214

420B..... Court may authorise managing controller to dispose of property despite prior security interest                214

420C..... Receiver's power to carry on corporation's business during winding up 216

421........ Managing controller's duties in relation to bank accounts and financial records       217

421A..... Managing controller to report within 2 months about corporation's affairs               217

422........ Reports by receiver or managing controller ..................................... 218

423........ Supervision of controller ................................................................. 220

424........ Controller may apply to Court ......................................................... 221

425........ Court's power to fix receiver's remuneration .................................. 221

426........ Controller has qualified privilege in certain cases ............................ 223

427........ Notification of matters relating to controller .................................... 223

428........ Statement that receiver appointed or other controller acting ............. 224

429........ Officers to report to controller about corporation's affairs .............. 224

430........ Controller may require reports ........................................................ 226

431........ Controller may inspect books .......................................................... 227

432........ Lodging controller's accounts ......................................................... 227

433........ Property subject to circulating security interest--payment of certain debts to have priority      229

434........ Enforcing controller's duty to make returns .................................... 231

434A..... Court may remove controller for misconduct .................................. 232

434B..... Court may remove redundant controller .......................................... 232

434C..... Effect of sections 434A and 434B .................................................. 233

434D..... Appointment of 2 or more receivers of property of a corporation ... 233

434E...... Appointment of 2 or more receivers and managers of property of a corporation       233

434F...... Appointment of 2 or more controllers of property of a corporation 234

434G..... Appointment of 2 or more managing controllers of property of a corporation          234

Part 5.3A--Administration of a company's affairs with a view to executing a deed of company arrangement                                                                                                        235

Division 1--Preliminary                                                                                           235

435A..... Object of Part .................................................................................. 235

435B..... Definitions ...................................................................................... 235

435C..... When administration begins and ends ............................................. 235

Division 2--Appointment of administrator and first meeting of creditors           237

436A..... Company may appoint administrator if board thinks it is or will become insolvent   237

436B..... Liquidator may appoint administrator .............................................. 237

436C..... Secured party may appoint administrator ........................................ 238

436D..... Company already under administration ........................................... 238

436DA.. Declarations by administrator--indemnities and relevant relationships 238

436E...... Purpose and timing of first meeting of creditors ............................. 240

436F...... Functions of committee of creditors ................................................ 241

436G..... Membership of committee ............................................................... 241

Division 3--Administrator assumes control of company's affairs    242

437A..... Role of administrator ....................................................................... 242

437B..... Administrator acts as company's agent ........................................... 242

437C..... Powers of other officers suspended ................................................ 242

437D..... Only administrator can deal with company's property .................... 243

437E...... Order for compensation where officer involved in void transaction 244

437F...... Effect of administration on company's members ............................ 244

Division 4--Administrator investigates company's affairs                   248

438A..... Administrator to investigate affairs and consider possible courses of action             248

438B..... Directors to help administrator ........................................................ 248

438C..... Administrator's rights to company's books .................................... 249

438D..... Reports by administrator ................................................................. 250

438E...... Administrator's accounts ................................................................ 251

Division 5--Meeting of creditors decides company's future                253

439A..... Administrator to convene meeting and inform creditors .................. 253

439B..... Conduct of meeting ......................................................................... 255

439C..... What creditors may decide .............................................................. 255

Division 6--Protection of company's property during administration   256

440A..... Winding up company ...................................................................... 256

440B..... Restrictions on exercise of third party property rights ..................... 256

440D..... Stay of proceedings ......................................................................... 257

440E...... Administrator not liable in damages for refusing consent ............... 258

440F...... Suspension of enforcement process ................................................ 258

440G..... Duties of court officer in relation to property of company .............. 258

440H..... Lis pendens taken to exist ............................................................... 259

440J...... Administration not to trigger liability of director or relative under guarantee of company's liability         260

440JA... Property subject to a banker's lien--exemption from this Division 261

Division 7--Rights of secured party, owner or lessor                             262

Subdivision A--General                                                                                        262

441........ Application of Division ................................................................... 262

Subdivision B--Property subject to security interests                                   262

441AA.. Application of Subdivision--PPSA security interests .................... 262

441A..... Secured party acts before or during decision period ........................ 262

441B..... Where enforcement of security interest begins before administration 264

441C..... Security interest in perishable property ........................................... 264

441D..... Court may limit powers of secured party etc. in relation to secured property            265

441E...... Giving a notice under a security agreement etc. ............................... 266

441EA... Sale of property subject to a possessory security interest ................ 266

Subdivision C--Property not subject to security interests                            267

441EB... Scope of Subdivision ...................................................................... 267

441F...... Where recovery of property begins before administration ............... 267

441G..... Recovering perishable property ....................................................... 267

441H..... Court may limit powers of receiver etc. in relation to property used by company     268

441J...... Giving a notice under an agreement about property ........................ 268

Division 8--Powers of administrator                                                                269

442A..... Additional powers of administrator ................................................. 269

442B..... Dealing with property subject to circulating security interests ......... 269

442C..... When administrator may dispose of encumbered property .............. 270

442CA.. Property subject to a possessory security interest--inspection or examination by potential purchasers etc.              271

442CB... Property subject to a security interest or to a retention of title clause--administrator's duty of care in exercising power of sale .................................................................................................. 272

442CC... Proceeds of sale of property ............................................................ 272

442D..... Administrator's powers subject to powers of secured party, receiver or controller   275

442E...... Administrator has qualified privilege .............................................. 275

442F...... Protection of persons dealing with administrator ............................ 275

Division 9--Administrator's liability and indemnity for debts of administration             277

Subdivision A--Liability                                                                                       277

443A..... General debts .................................................................................. 277

443B..... Payments for property used or occupied by, or in the possession of, the company   277

443BA.. Certain taxation liabilities ................................................................ 279

443C..... Administrator not otherwise liable for company's debts ................. 280

Subdivision B--Indemnity                                                                                    280

443D..... Right of indemnity .......................................................................... 280

443E...... Right of indemnity has priority over other debts ............................. 280

443F...... Lien to secure indemnity ................................................................. 282

Division 10--Execution and effect of deed of company arrangement 283

444A..... Effect of creditors' resolution .......................................................... 283

444B..... Execution of deed ............................................................................ 284

444C..... Creditor etc. not to act inconsistently with deed before its execution 284

444D..... Effect of deed on creditors .............................................................. 285

444DA.. Giving priority to eligible employee creditors ................................. 285

444DB.. Superannuation contribution debts not admissible to proof ............. 287

444E...... Protection of company's property from persons bound by deed ..... 288

444F...... Court may limit rights of secured creditor or owner or lessor ......... 288

444G..... Effect of deed on company, officers and members .......................... 290

444GA.. Transfer of shares ........................................................................... 290

444H..... Extent of release of company's debts .............................................. 290

444J...... Guarantees and indemnities ............................................................. 290

Division 11--Variation, termination and avoidance of deed               291

445A..... Variation of deed by creditors ......................................................... 291

445B..... Court may cancel variation .............................................................. 291

445C..... When deed terminates ..................................................................... 291

445CA.. When creditors may terminate deed ................................................. 292

445D..... When Court may terminate deed ..................................................... 292

445E...... Creditors may terminate deed and resolve that company be wound up 293

445F...... Meeting of creditors to consider proposed variation or termination of deed              293

445FA... Notice of termination of deed .......................................................... 294

445G..... When Court may void or validate deed ........................................... 294

445H..... Effect of termination or avoidance ................................................... 295

Division 11A--Deed administrator's accounts                                            296

445J...... Deed administrator's accounts ........................................................ 296

Division 12--Transition to creditors' voluntary winding up               298

446A..... Administrator becomes liquidator in certain cases ........................... 298

446B..... Regulations may provide for transition in other cases ..................... 299

446C..... Liquidator may require submission of a report about the company's affairs             300

Division 13--Powers of Court                                                                              302

447A..... General power to make orders ........................................................ 302

447B..... Orders to protect creditors during administration ............................ 302

447C..... Court may declare whether administrator validly appointed ............ 303

447D..... Administrator may seek directions .................................................. 303

447E...... Supervision of administrator of company or deed ........................... 303

447F...... Effect of Division ............................................................................ 304

Division 14--Qualifications of administrators                                             305

448A..... Appointee must consent .................................................................. 305

448B..... Administrator must be registered liquidator .................................... 305

448C..... Disqualification of person connected with company ....................... 305

448D..... Disqualification of insolvent under administration .......................... 307

Division 15--Removal, replacement and remuneration of administrator            308

449A..... Appointment of administrator cannot be revoked ............................ 308

449B..... Court may remove administrator ..................................................... 308

449C..... Vacancy in office of administrator of company ............................... 308

449CA.. Declarations by administrator--indemnities and relevant relationships 310

449D..... Vacancy in office of administrator of deed of company arrangement 311

449E...... Remuneration of administrator ........................................................ 312

Division 16--Notices about steps taken under Part                                  316

450A..... Appointment of administrator ......................................................... 316

450B..... Execution of deed of company arrangement .................................... 317

450C..... Failure to execute deed of company arrangement ............................ 317

450D..... Termination of deed of company arrangement ................................ 317

450E...... Notice in public documents etc. of company ................................... 317

450F...... Effect of contravention of this Division .......................................... 318

Division 17--Miscellaneous                                                                                    319

451A..... Appointment of 2 or more administrators of company .................... 319

451B..... Appointment of 2 or more administrators of deed of company arrangement             319

451C..... Effect of things done during administration of company ................. 320

451D..... Time for doing act does not run while act prevented by this Part .... 320

Part 5.4--Winding up in insolvency                                                                        321

Division 1--When company to be wound up in insolvency                   321

459A..... Order that insolvent company be wound up in insolvency .............. 321

459B..... Order made on application under section 234, 462 or 464 .............. 321

459C..... Presumptions to be made in certain proceedings ............................. 321

459D..... Contingent or prospective liability relevant to whether company solvent 322

Division 2--Statutory demand                                                                              323

459E...... Creditor may serve statutory demand on company .......................... 323

459F...... When company taken to fail to comply with statutory demand ....... 324

Division 3--Application to set aside statutory demand                           325

459G..... Company may apply ....................................................................... 325

459H..... Determination of application where there is a dispute or offsetting claim 325

459J...... Setting aside demand on other grounds ........................................... 327

459K..... Effect of order setting aside demand ............................................... 327

459L...... Dismissal of application .................................................................. 327

459M.... Order subject to conditions ............................................................. 327

459N..... Costs where company successful .................................................... 327

Division 4--Application for order to wind up company in insolvency 328

459P...... Who may apply for order under section 459A ................................ 328

459Q..... Application relying on failure to comply with statutory demand ..... 328

459R..... Period within which application must be determined ...................... 329

459S...... Company may not oppose application on certain grounds .............. 329

459T...... Application to wind up joint debtors in insolvency ......................... 330

Part 5.4A--Winding up by the Court on other grounds                            331

461........ General grounds on which company may be wound up by Court .. 331

462........ Standing to apply for winding up .................................................... 332

464........ Application for winding up in connection with investigation under ASIC Act         333

Part 5.4B--Winding up in insolvency or by the Court                                334

Division 1A--Preliminary                                                                                       334

465........ Definitions ...................................................................................... 334

Division 1--General                                                                                                   335

465A..... Notice of application ....................................................................... 335

465B..... Substitution of applicants ................................................................ 335

465C..... Applicant to be given notice of grounds for opposing application .. 335

466........ Payment of preliminary costs etc. .................................................... 336

467........ Court's powers on hearing application ............................................ 336

467A..... Effect of defect or irregularity on application under Part 5.4 or 5.4A 338

467B..... Court may order winding up of company that is being wound up voluntarily           338

468........ Avoidance of dispositions of property, attachments etc. ................. 338

468A..... Effect of winding up on company's members ................................. 339

469........ Application to be lis pendens .......................................................... 342

470........ Certain notices to be lodged ............................................................ 342

Division 1A--Effect of winding up order                                                        344

471........ Effect on creditors and contributories .............................................. 344

471A..... Powers of other officers suspended during winding up .................. 344

471B..... Stay of proceedings and suspension of enforcement process .......... 345

471C..... Secured creditor's rights not affected .............................................. 345

Division 2--Court-appointed liquidators                                                        346

472........ Court to appoint official liquidator .................................................. 346

473........ General provisions about liquidators ............................................... 346

474........ Custody and vesting of company's property ................................... 350

475........ Report as to company's affairs to be submitted to liquidator ........... 350

476........ Preliminary report by liquidator ...................................................... 352

477........ Powers of liquidator ........................................................................ 353

478........ Application of property; list of contributories ................................. 355

479........ Exercise and control of liquidator's powers .................................... 356

480........ Release of liquidator and deregistration of company ....................... 357

481........ Orders for release or deregistration ................................................. 357

Division 3--General powers of Court                                                              359

Subdivision A--General powers                                                                          359

482........ Power to stay or terminate winding up ............................................ 359

483........ Delivery of property to liquidator .................................................... 360

484........ Appointment of special manager ..................................................... 362

485........ Claims of creditors and distribution of property .............................. 362

486........ Inspection of books by creditors and contributories ........................ 362

486A..... Court may make order to prevent officer or related entity from avoiding liability to company 363

486B..... Warrant to arrest person who is absconding, or who has dealt with property or books, in order to avoid obligations in connection with winding up ............................................................ 365

487........ Power to arrest absconding contributory ......................................... 365

488........ Delegation to liquidator of certain powers of Court ........................ 366

489........ Powers of Court cumulative ............................................................ 366

Subdivision B--Procedures relating to section 486B warrants                  366

489A..... Arrest of person subject to warrant ................................................. 366

489B..... Procedure after arrest ...................................................................... 367

489C..... Procedure on remand on bail ........................................................... 367

489D..... Court's power to make orders under section 486A, 598 or 1323 ... 368

489E...... Jurisdiction under this Subdivision ................................................. 368

Part 5.5--Voluntary winding up                                                                               369

Division 1A--Preliminary                                                                                       369

489F...... Definitions ...................................................................................... 369

Division 1--Resolution for winding up                                                             370

490........ When company cannot wind up voluntarily .................................... 370

491........ Circumstances in which company may be wound up voluntarily .... 370

493........ Effect of voluntary winding up ....................................................... 370

493A..... Effect of voluntary winding up on company's members ................. 371

494........ Declaration of solvency ................................................................... 373

Division 2--Members' voluntary winding up                                               375

495........ Liquidators ...................................................................................... 375

496........ Duty of liquidator where company turns out to be insolvent ........... 376

Division 3--Creditors' voluntary winding up                                              378

497........ Meeting of creditors ........................................................................ 378

498........ Power to adjourn meeting ............................................................... 379

499........ Liquidators ...................................................................................... 380

500........ Execution and civil proceedings ...................................................... 383

Division 4--Voluntary winding up generally                                                384

501........ Distribution of property of company ............................................... 384

502........ Appointment of liquidator ............................................................... 384

503........ Removal of liquidator ...................................................................... 384

504........ Review of liquidator's remuneration ............................................... 384

505........ Acts of liquidator valid etc. ............................................................. 385

506........ Powers and duties of liquidator ....................................................... 386

506A..... Declarations by liquidator--relevant relationships .......................... 387

507........ Power of liquidator to accept shares etc. as consideration for sale of property of company      388

508........ Annual obligations of liquidator--meeting or report ....................... 390

509........ Final meeting and deregistration ...................................................... 391

510........ Arrangement: when binding on creditors ........................................ 392

511........ Application to Court to have questions determined or powers exercised   393

Part 5.6--Winding up generally                                                                                394

Division 1--Preliminary                                                                                           394

513........ Application of Part .......................................................................... 394

513AA.. Definitions ...................................................................................... 394

Division 1A--When winding up taken to begin                                           395

513A..... Winding up ordered by the Court .................................................... 395

513B..... Voluntary winding up ..................................................................... 395

513C..... Section 513C day in relation to an administration under Part 5.3A . 396

513D..... Validity of proceedings in earlier winding up ................................. 396

Division 2--Contributories                                                                                     397

514........ Where Division applies ................................................................... 397

515........ General liability of contributory ...................................................... 397

516........ Company limited by shares ............................................................. 397

517........ Company limited by guarantee ........................................................ 397

518........ Company limited both by shares and by guarantee ......................... 397

519........ Exceptions for former unlimited company ...................................... 398

520........ Past member: later debts .................................................................. 398

521........ Person ceasing to be a member a year or more before winding up .. 398

522........ Present members to contribute first ................................................. 398

523........ Past member of former unlimited company ..................................... 398

524........ Past member of former limited company ......................................... 399

526........ Liability on certain contracts ............................................................ 399

527........ Nature of contributory's liability ..................................................... 399

528........ Death of contributory ...................................................................... 399

529........ Bankruptcy of contributory ............................................................. 399

Division 3--Liquidators                                                                                           401

530........ Appointment of 2 or more liquidators of a company ....................... 401

530AA.. Appointment of 2 or more provisional liquidators of a company .... 401

530A..... Officers to help liquidator ............................................................... 401

530B..... Liquidator's rights to company's books .......................................... 403

530C..... Warrant to search for, and seize, company's property or books ...... 404

531........ Books to be kept by liquidator ........................................................ 404

532........ Disqualification of liquidator ........................................................... 405

533........ Reports by liquidator ....................................................................... 407

534........ Prosecution by liquidator of delinquent officers and members ........ 408

535........ When liquidator has qualified privilege ........................................... 408

536........ Supervision of liquidators ............................................................... 409

537........ Notice of appointment and address of liquidator ............................. 409

538........ Regulations relating to money etc. received by liquidator ................ 410

539........ Liquidator's accounts ...................................................................... 411

540........ Liquidator to remedy defaults .......................................................... 412

Division 4--General                                                                                                   414

541........ Notification that company is in liquidation ...................................... 414

542........ Books of company .......................................................................... 414

543........ Investment of surplus funds on general account ............................. 415

544........ Unclaimed money to be paid to ASIC ............................................. 415

545........ Expenses of winding up where property insufficient ...................... 416

546........ Resolutions passed at adjourned meetings of creditors and contributories                417

547........ Meetings to ascertain wishes of creditors or contributories ............. 417

Division 5--Committees of inspection                                                              418

548........ Convening of meetings by liquidator for appointment of committee of inspection--company not in pooled group 418

548A..... Convening of meeting for appointment of committee of inspection--pooled group 419

549........ Proceedings of committee of inspection .......................................... 420

550........ Vacancies on committee of inspection ............................................. 421

551........ Member of committee not to accept extra benefit ............................ 422

552........ Powers of Court where no committee of inspection ........................ 422

Division 6--Proof and ranking of claims                                                        423

Subdivision A--Admission to proof of debts and claims                              423

553........ Debts or claims that are provable in winding up ............................. 423

553A..... Member cannot prove debt unless contributions paid ..................... 424

553AA.. Selling shareholder cannot prove debt unless documents
given ............................................................................................... 424

553AB.. Superannuation contribution debts not admissible to proof ............. 424

553B..... Insolvent companies--penalties and fines not generally provable ... 425

553C..... Insolvent companies--mutual credit and set-off ............................. 425

553D..... Debts or claims may be proved formally or informally ................... 426

553E...... Application of Bankruptcy Act to winding up of insolvent company 426

Subdivision B--Computation of debts and claims                                          427

554........ General rule--compute amount as at relevant date .......................... 427

554A..... Determination of value of debts and claims of uncertain value ........ 427

554B..... Discounting of debts payable after relevant date ............................. 428

554C..... Conversion into Australian currency of foreign currency debts or claims                 428

Subdivision C--Special provisions relating to secured creditors of insolvent companies           429

554D..... Application of Subdivision ............................................................. 429

554E...... Proof of debt by secured creditor .................................................... 429

554F...... Redemption of security interest by liquidator .................................. 430

554G..... Amendment of valuation ................................................................. 431

554H..... Repayment of excess ....................................................................... 431

554J...... Subsequent realisation of security interest ....................................... 432

Subdivision D--Priorities                                                                                     432

555........ Debts and claims proved to rank equally except as otherwise provided 432

556........ Priority payments ............................................................................ 432

558........ Debts due to employees .................................................................. 439

559........ Debts of a class to rank equally ....................................................... 440

560........ Advances for company to make priority payments in relation to employees             440

561........ Priority of employees' claims over circulating security interests ..... 440

562........ Application of proceeds of contracts of insurance ........................... 441

562A..... Application of proceeds of contracts of reinsurance ........................ 441

563........ Provisions relating to injury compensation ..................................... 443

563AA.. Seller under a buy-back agreement .................................................. 444

563A..... Postponing subordinate claims ........................................................ 444

563AAA  Redemption of debentures ............................................................. 444

Subdivision E--Miscellaneous                                                                             445

563B..... Interest on debts and claims from relevant date to date of payment . 445

563C..... Debt subordination .......................................................................... 445

564........ Power of Court to make orders in favour of certain creditors ......... 446

Division 7--Effect on certain transactions                                                    447

565........ Undue preference ............................................................................ 447

566........ Effect of floating charge .................................................................. 447

567........ Liquidator's right to recover in respect of certain transactions ........ 447

Division 7A--Disclaimer of onerous property                                             450

568........ Disclaimer by liquidator; application to Court by party to contract .. 450

568A..... Liquidator must give notice of disclaimer ........................................ 451

568B..... Application to set aside disclaimer before it takes effect .................. 452

568C..... When disclaimer takes effect ........................................................... 453

568D..... Effect of disclaimer ......................................................................... 454

568E...... Application to set aside disclaimer after it has taken effect .............. 454

568F...... Court may dispose of disclaimed property ...................................... 455

Division 7B--Effect on enforcement process against company's property          456

569........ Executions, attachments etc. before winding up .............................. 456

570........ Duties of sheriff after receiving notice of application ...................... 457

Division 8--Pooling                                                                                                    460

Subdivision A--Pooling determinations                                                           460

571........ Pooling determination ..................................................................... 460

572........ Variation of pooling determination .................................................. 463

573........ Lodgment of copy of pooling determination etc. ............................. 463

574........ Eligible unsecured creditors must approve the making or variation of a pooling determination                 463

575........ Members' voluntary winding up--copy of notice etc. to be given to each member of the company         465

576........ Conduct of meeting ......................................................................... 465

577........ Eligible unsecured creditors may decide to approve the determination or variation   465

578........ When pooling determination comes into force etc. .......................... 466

579........ Duties of liquidator ......................................................................... 467

579A..... Court may vary or terminate pooling determination ........................ 468

579B..... Court may cancel or confirm variation ............................................ 469

579C..... When Court may void or validate pooling determination ................ 470

579D..... Effect of termination or avoidance ................................................... 471

Subdivision B--Pooling orders                                                                           471

579E...... Pooling orders ................................................................................. 471

579F...... Variation of pooling orders ............................................................. 474

579G..... Court may make ancillary orders etc. .............................................. 475

579H..... Variation of ancillary orders etc. ..................................................... 476

579J...... Notice of application for pooling order etc. ..................................... 477

579K..... Notice of pooling order etc. ............................................................. 478

579L...... Consolidated meetings of creditors ................................................. 481

Subdivision C--Other provisions                                                                        482

579M.... When debts or claims are provable in winding up ........................... 482

579N..... Group of companies ........................................................................ 482

579P...... Secured debt may become unsecured .............................................. 482

579Q..... Eligible unsecured creditor .............................................................. 483

Division 9--Co-operation between Australian and foreign courts in external administration matters                                                                                                                     484

580........ Definitions ...................................................................................... 484

581........ Courts to act in aid of each other ..................................................... 484

Part 5.7--Winding up bodies other than companies                                     486

582........ Application of Part .......................................................................... 486

583........ Winding up Part 5.7 bodies ............................................................. 486

585........ Insolvency of Part 5.7 body ............................................................ 487

586........ Contributories in winding up of Part 5.7 body ................................ 488

587........ Power of Court to stay or restrain proceedings ............................... 488

588........ Outstanding property of defunct registrable body ........................... 489

Part 5.7B--Recovering property or compensation for the benefit of creditors of insolvent company 491

Division 1--Preliminary                                                                                           491

588C..... Definitions ...................................................................................... 491

588D..... Secured debt may become unsecured .............................................. 491

588E...... Presumptions to be made in recovery proceedings .......................... 491

588F...... Certain taxation liabilities taken to be debts ..................................... 494

Division 2--Voidable transactions                                                                     495

588FA... Unfair preferences ........................................................................... 495

588FB... Uncommercial transactions ............................................................. 496

588FC... Insolvent transactions ...................................................................... 496

588FD... Unfair loans to a company .............................................................. 497

588FDA Unreasonable director-related transactions ...................................... 497

588FE... Voidable transactions ...................................................................... 499

588FF... Courts may make orders about voidable transactions ...................... 501

588FG... Transaction not voidable as against certain persons ........................ 503

588FGA Directors to indemnify Commissioner of Taxation if certain payments set aside       505

588FGB Defences in proceedings under section 588FGA ............................ 506

588FH... Liquidator may recover from related entity benefit resulting from insolvent transaction            507

588FI.... Creditor who gives up benefit of unfair preference may prove for preferred debt     508

588FJ.... Circulating security interest created within 6 months before relation-back day          508

Division 2A--Vesting of PPSA security interests if not continuously perfected                510

588FK... Interpretation and application .......................................................... 510

588FL... Vesting of PPSA security interests if collateral not registered within time                510

588FM.. Extension of time for registration .................................................... 513

588FN... PPSA security interests unaffected by section 588FL ..................... 513

588FO... Certain lessors, bailors and consignors entitled to damages ............ 516

Division 2B--Security interests in favour of company officers etc. 517

588FP... Security interests in favour of an officer of a company etc. void ..... 517

Division 3--Director's duty to prevent insolvent trading                      520

588G..... Director's duty to prevent insolvent trading by company ................ 520

588H..... Defences ......................................................................................... 522

Division 4--Director liable to compensate company                                524

Subdivision A--Proceedings against director                                                 524

588J...... On application for civil penalty order, Court may order compensation 524

588K..... Criminal court may order compensation .......................................... 524

588L...... Enforcement of order under section 588J or 588K .......................... 525

588M.... Recovery of compensation for loss resulting from insolvent trading 525

588N..... Avoiding double recovery ............................................................... 526

588P...... Effect of sections 588J, 588K and 588M ........................................ 526

588Q..... Certificates evidencing contravention .............................................. 526

Subdivision B--Proceedings by creditor                                                          527

588R..... Creditor may sue for compensation with liquidator's consent ......... 527

588S...... Creditor may give liquidator notice of intention to sue for compensation 527

588T...... When creditor may sue for compensation without liquidator's consent 528

588U..... Events preventing creditor from suing ............................................ 528

Division 5--Liability of holding company for insolvent trading by subsidiary 529

588V..... When holding company liable ......................................................... 529

588W.... Recovery of compensation for loss resulting from insolvent trading 529

588X..... Defences ......................................................................................... 530

Division 6--Application of compensation under Division 4 or 5        532

588Y..... Application of amount paid as compensation .................................. 532

Division 7--Person managing a corporation while disqualified may become liable for corporation's debts                                                                                                                     533

588Z...... Court may make order imposing liability ........................................ 533

Part 5.8--Offences                                                                                                             534

589........ Interpretation and application .......................................................... 534

590........ Offences by officers of certain companies ...................................... 537

592........ Incurring of certain debts; fraudulent conduct ................................. 539

593........ Powers of Court .............................................................................. 541

594........ Certain rights not affected ............................................................... 543

595........ Inducement to be appointed liquidator etc. of company ................... 543

596........ Frauds by officers ........................................................................... 543

Part 5.8A--Employee entitlements                                                                           545

596AA.. Object and coverage of Part ............................................................ 545

596AB.. Entering into agreements or transactions to avoid employee entitlements 546

596AC.. Person who contravenes section 596AB liable to compensate for loss 547

596AD.. Avoiding double recovery ............................................................... 547

596AE... Effect of section 596AC .................................................................. 548

596AF... Employee may sue for compensation with liquidator's
consent ............................................................................................ 548

596AG.. Employee may give liquidator notice of intention to sue for compensation               548

596AH.. When employee may sue for compensation without liquidator's consent 549

596AI.... Events preventing employee from suing ......................................... 549

Part 5.9--Miscellaneous                                                                                                  551

Division 1--Examining a person about a corporation                            551

596A..... Mandatory examination ................................................................... 551

596B..... Discretionary examination ............................................................... 551

596C..... Affidavit in support of application under section 596B ................... 552

596D..... Content of summons ....................................................................... 552

596E...... Notice of examination ..................................................................... 552

596F...... Court may give directions about examination .................................. 553

597........ Conduct of examination .................................................................. 553

597A..... When Court is to require affidavit about corporation's examinable affairs                556

597B..... Costs of unnecessary examination or affidavit ................................ 557

Division 2--Orders against a person in relation to a corporation   558

598........ Order against person concerned with corporation ........................... 558

Division 3--Provisions applying to various kinds of external administration    560

600A..... Powers of Court where outcome of voting at creditors' meeting determined by related entity 560

600B..... Review by Court of resolution of creditors passed on casting vote of person presiding at meeting          561

600C..... Court's powers where proposed resolution of creditors lost as casting vote of person presiding at meeting            562

600D..... Interim order on application under section 600A, 600B or 600C .... 563

600E...... Order under section 600A or 600B does not affect act already done pursuant to resolution     563

600F...... Limitation on right of suppliers of essential services to insist on payment as condition of supply            563

600G..... Electronic methods of giving or sending certain notices etc. ........... 565

600H..... Rights if claim against the company postponed ............................... 566

Chapter 5A--Deregistration, and transfer of registration, of companies                568

Part 5A.1--Deregistration                                                                                             568

601........ Definitions ...................................................................................... 568

601AA.. Deregistration--voluntary ............................................................... 568

601AB.. Deregistration--ASIC initiated ....................................................... 569

601AC.. Deregistration--following amalgamation or winding up ................ 570

601AD.. Effect of deregistration .................................................................... 571

601AE... What the Commonwealth or ASIC does with the property ............. 572

601AF... The Commonwealth's and ASIC's power to fulfil outstanding obligations of deregistered company      574

601AG.. Claims against insurers of deregistered company ............................ 574

601AH.. Reinstatement .................................................................................. 575

Part 5A.2--Transfer of registration                                                                        576

601AI.... Transferring registration .................................................................. 576

601AJ... Applying to transfer registration ..................................................... 576

601AK.. ASIC makes transfer of registration declaration .............................. 576

601AL... ASIC to deregister company ........................................................... 577

Chapter 5B--Bodies corporate registered as companies, and registrable bodies                578

Part 5B.1--Registering a body corporate as a company                            578

Division 1--Registration                                                                                          578

601BA.. Bodies corporate may be registered as certain types of companies .. 578

601BB... Bodies registered as proprietary companies .................................... 578

601BC... Applying for registration under this Part ......................................... 579

601BD.. ASIC gives body ACN, registers as company and issues certificate 583

601BE... Registered office ............................................................................. 583

601BF... Name ............................................................................................... 583

601BG.. Constitution ..................................................................................... 584

601BH.. Modifications of constitution .......................................................... 584

601BJ.... ASIC may direct company to apply for Court approval for modifications of constitution         584

601BK... Establishing registers and minute books ......................................... 585

601BL... Registration of registered bodies ..................................................... 585

Division 2--Operation of this Act                                                                       586

601BM.. Effect of registration under this Part ................................................ 586

601BN.. Liability of members on winding up ............................................... 586

601BP... Bearer shares ................................................................................... 586

601BQ.. References in pre-registration contracts and other documents to par value in existing contracts and documents       587

601BR... First AGM ...................................................................................... 588

601BS... Modification by regulations ............................................................ 588

Part 5B.2--Registrable bodies                                                                                    589

Division 1A--Preliminary                                                                                       589

601C..... Definitions ...................................................................................... 589

Division 1--Registrable Australian bodies                                                    590

601CA.. When a registrable Australian body may carry on business in this jurisdiction and outside its place of origin          590

601CB... Application for registration ............................................................. 590

601CC... Cessation of business etc. ............................................................... 591

Division 2--Foreign companies                                                                            594

601CD.. When a foreign company may carry on business in this jurisdiction 594

601CDA  Limited disclosure if place of origin is a prescribed country .......... 594

601CE... Application for registration ............................................................. 594

601CF... Appointment of local agent ............................................................. 595

601CG.. Local agent: how appointed ............................................................. 596

601CH.. Local agent: how removed .............................................................. 596

601CJ.... Liability of local agent ..................................................................... 597

601CK... Balance-sheets and other documents ............................................... 597

601CL... Cessation of business etc. ............................................................... 599

601CM.. Register of members of foreign company ....................................... 602

601CN.. Register kept under section 601CM ................................................ 603

601CP... Notifying ASIC about register kept under section 601CM ............. 603

601CQ.. Effect of right to acquire shares compulsorily ................................. 604

601CR... Index of members and inspection of registers ................................. 604

601CS... Certificate as to shareholding .......................................................... 604

Division 3--Bodies registered under this Part                                             605

601CTA Limited disclosure if place of origin is a prescribed country ........... 605

601CT... Registered office ............................................................................. 605

601CU.. Certificate of registration ................................................................. 606

601CV.. Notice of certain changes ................................................................ 606

601CW.. Body's name etc. must be displayed at office and place of business 607

601CX.. Service of documents on registered body ........................................ 607

601CY.. Power to hold land .......................................................................... 609

Division 4--Register of debenture holders for non-companies           610

601CZA Certain documents are debentures ................................................... 610

601CZB Register of debenture holders to be maintained by non-companies . 610

601CZC Location of register ......................................................................... 610

601CZD Application of sections 173 to 177 .................................................. 611

Part 5B.3--Names of registrable Australian bodies and foreign companies          612

601DA.. Reserving a name ............................................................................ 612

601DB.. Acceptable abbreviations ................................................................. 612

601DC.. When a name is available ................................................................ 613

601DD.. Registered Australian bodies and registered foreign companies can carry on business with some names only         614

601DE... Using a name and ARBN ............................................................... 614

601DF... Exception to requirement to have ARBN on receipts ...................... 615

601DG.. Regulations may exempt from requirement to set out information on documents      615

601DH.. Notice of name change must be given to ASIC ............................... 616

601DJ... ASIC's power to direct a registered name be changed .................... 616

   

---

AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback