Corporations Act 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.4 - WINDING UP IN INSOLVENCY  

Note: This Part applies to a sub-fund of a CCIV in a modified form: see Division 5 of Part 8B.6 .

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

SECTION 459T   APPLICATION TO WIND UP JOINT DEBTORS IN INSOLVENCY  

459T(1)   [ Joint debtors]  

A single application may be made for 2 or more companies to be wound up in insolvency if they are joint debtors, whether partners or not.

459T(2)   [ Joint debtor application may be split]  

On such an application, the Court may order that one or more of the companies be wound up in insolvency, even if it dismisses the application in so far as it relates to another or others.