Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 447A

General power to make orders

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

             (2)  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.

             (3)  An order may be made subject to conditions.

             (4)  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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