(3) If schemes A and B are to
become a layered arrangement under subsection (1) or (2) , the District Court
may make an order, if it considers it is just and equitable to make the order,
about—
(b) the disposition of liabilities that, immediately
before the creation of the layered arrangement, are liabilities of the body
corporate for scheme A or scheme B.
(4) The court may make an order under
subsection (3) on application by the body corporate for scheme A or B.