Tasmanian Consolidated Acts Tasmanian Consolidated Acts
(1) The Supreme Court need not approve a compromise or arrangement unless –
(a) it is satisfied that the compromise or arrangement has not been proposed for the purpose of enabling any person to avoid the operation of any of the provisions of Division 2 of Part 11; and
(b) there is produced to the Supreme Court a statement in writing by the Commissioner stating that the Commissioner has no objection to the compromise or arrangement.
(2) The Supreme Court need not approve a compromise or arrangement merely because a statement by the Commissioner stating that the Commissioner has no objection to the compromise or arrangement has been produced to the Supreme Court.