Corporations Act 2001
CHAPTER 5D
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LICENSED TRUSTEE COMPANIES
(a) circumstances that have arisen since the consent was given;
(b) circumstances that were in existence at or before the time when the consent was given but that were not known to the receiving company's board when it gave its consent;
(c) any other relevant matter.
PART 5D.6
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ASIC-APPROVED TRANSFERS OF ESTATE ASSETS AND LIABILITIES
Division 2
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Transfer of estate assets and liabilities
SECTION 601WBB
WHEN CONSENT OF RECEIVING COMPANY IS IN FORCE
601WBB(1)
[
Consent in force until withdrawn]
The consent referred to in subparagraph 601WBA(2)(b)(iii) remains in force until it is withdrawn by the receiving company's board with the agreement of ASIC.
601WBB(2) [ Considerations for ASIC consent]ASIC may agree to the consent being withdrawn if ASIC considers it appropriate to allow the consent to be withdrawn having regard to any of the following:
(a) circumstances that have arisen since the consent was given;
(b) circumstances that were in existence at or before the time when the consent was given but that were not known to the receiving company's board when it gave its consent;
(c) any other relevant matter.
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