Corporations Amendment (Phoenixing and Other Measures) Act 2012 (48 of 2012)

Schedule 1   Amendments

Part 3   Miscellaneous amendments

Corporations Act 2001

29   Subsection 601AH(3)

Repeal the subsection, substitute:

(3) If:

(a) ASIC reinstates the registration of a company under subsection (1); or

(b) the Court makes an order under subsection (2);

the Court may:

(c) validate anything done during the period:

(i) beginning when the company was deregistered; and

(ii) ending when the company's registration was reinstated; and

(d) make any other order it considers appropriate.

Note: For example, the Court may direct ASIC to transfer to another person property vested in ASIC under subsection 601AD(2).