CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.3A - ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT  

Division 13 - Powers of Court  

SECTION 447A   GENERAL POWER TO MAKE ORDERS  

447A(1)   [ General powers of Court]  

The Court may make such order as it thinks appropriate about how this Part is to operate in relation to a particular company.

447A(2)   [ Example of Court order]  

For example, if the Court is satisfied that the administration of a company should end:


(a) because the company is solvent; or


(b) because provisions of this Part are being abused; or


(c) for some other reason;

the Court may order under subsection (1) that the administration is to end.

447A(3)   [ Order subject to conditions]  

An order may be made subject to conditions.

447A(4)   [ Who may apply for order]  

An order may be made on the application of:


(a) the company; or


(b) a creditor of the company; or


(c) in the case of a company under administration - the administrator of the company; or


(d) in the case of a company that has executed a deed of company arrangement - the deed's administrator; or


(e) ASIC; or


(f) any other interested person.


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