THE CORPORATIONS LAW

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.7 - WINDING UP OF BODIES OTHER THAN COMPANIES

SECTION 582   APPLICATION OF PART  

582(1)  (Application)  

This Part has effect in addition to, and not in derogation of, sections 601CC and 601CL and any provisions contained in this Law or any other law with respect to the winding up of bodies, and the liquidator or Court may exercise any powers or do any act in the case of Part 5.7 bodies that might be exercised or done by him, her or it in the winding up of companies.

582(2)  [Saving as to Bankruptcy Act ]  

Nothing in this Part affects the operation of the Bankruptcy Act 1966.

582(3)  [Part 5.7 bodies]  

A Part 5.7 body may be wound up under this Part notwithstanding that it is being wound up or has been dissolved, deregistered or has otherwise ceased to exist as a body corporate under or by virtue of the laws of the place under which it was incorporated.

582(4)  (Omitted by No 110 of 1990, Sch 1 (effective 18 December 1990).)