CORPORATIONS ACT 2001 - SECT 601AF The Commonwealth's and ASIC's power to fulfil outstanding obligations of deregistered company

CORPORATIONS ACT 2001 - SECT 601AF

    The Commonwealth or ASIC may do an act on behalf of the company or its liquidator if the Commonwealth or ASIC is satisfied that the company or liquidator would be bound to do the act if the company still existed.

Note:   This power is a general one and is not limited to acts in relation to property vested in the Commonwealth under subsection   601AD(1A), or ASIC under subsection   601AD(2). The Commonwealth or ASIC has all the powers that automatically flow from the vesting of property under that subsection   (see subsections   601AD(3A) and (4)) and may exercise those powers whether or not the company was bound to do so.