THE CORPORATIONS LAW

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.6 - WINDING UP GENERALLY

Division 1A - When winding up taken to begin

SECTION 513D   VALIDITY OF PROCEEDINGS IN EARLIER WINDING UP  

513D    Where, at the time when:

(a)  the Court orders under section 233, 459A, 459B or 461 that a company be wound up; or

(b)  a company resolves by special resolution that it be wound up voluntarily;

a winding up of the company is already in progress, all proceedings in the last-mentioned winding up are taken to have been valid, except so far as the Court otherwise orders because fraud or mistake has been proved.