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CORPORATIONS ACT 2001 - SECT 489EC Appointment of liquidator

CORPORATIONS ACT 2001 - SECT 489EC

Appointment of liquidator

  (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.

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

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

Note:   This Part applies to a sub - fund of a CCIV in a modified form: see Division   5 of Part   8B.6.

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