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).