CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.4C - WINDING UP BY ASIC  

SECTION 489EC   APPOINTMENT OF LIQUIDATOR  

489EC(1)  
If ASIC orders under section 489EA that a company be wound up, ASIC may appoint a liquidator for the purpose of winding up the affairs and distributing the property of the company.

Note: For the remuneration of liquidators appointed under this section, see Subdivision D of Division 60 of Schedule 2 .

489EC(2)  
An appointment of a liquidator by ASIC must not be made without the written consent of the liquidator.

489EC(3)  
A vacancy in the office of a liquidator appointed by ASIC is to be filled by the appointment of a liquidator by ASIC.


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