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CORPORATIONS ACT 2001 - SECT 579F Variation of pooling orders

CORPORATIONS ACT 2001 - SECT 579F

Variation of pooling orders

  (1)   The Court may, by order, vary a pooling order if the Court is of the opinion that it is just and equitable to do so.

  (2)   A pooling order may only be varied on the application of:

  (a)   the liquidator of a company in the group; or

  (b)   a creditor of a company in the group; or

  (c)   in a case where a company in the group is being wound up under a members' voluntary winding up--a member of the company, so long as the member is not a company in the group.

Lodgment of order

  (3)   An order under subsection   (1) must be lodged with ASIC.

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