Corporations Act 2001
The regulations may: (a) confer powers on the Court in relation to the restructure of companies or restructuring plans; and (b) prescribe whether those powers are to be exercised on the initiative of the Court or on the application of one or more persons; and (c) prescribe persons who may apply to the Court for the exercise of those powers. 458B(2)
Without limiting subsection (1) , the powers that may be conferred on the Court include the power: (a) to vary or terminate a restructuring plan; and (b) to declare a restructuring plan void. 458B(3)
The powers conferred on the Court under regulations made for the purposes of this section are in addition to any other powers conferred on the Court.
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