Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 459D

Contingent or prospective liability relevant to whether company solvent

             (1)  In determining, for the purposes of an application of a kind referred to in subsection 459C(1), whether or not the company is solvent, the Court may take into account a contingent or prospective liability of the company.

             (2)  Subsection (1) does not limit the matters that may be taken into account in determining, for a particular purpose, whether or not a company is solvent.


 


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