Victorian Consolidated Legislation

Companies (Application of Laws) Act 1981 - SECT 42

Commission may destroy or dispose of documents

42. Commission may destroy or dispose of documents



(1) Notwithstanding section 31(10) of the Companies (Victoria) Code, where a
corporation that is a recognized company for the purposes of that Code was,
immediately before the commencement of this Act, a recognised company under
the Companies Act 1961 or was registered as a foreign company under that Act,
the Commission may, if in the opinion of the Commission it is no longer
necessary or desirable to retain them, destroy or dispose of any documents
lodged by or in relation to that corporation under the Companies Act 1961 or
under any corresponding previous law.

(2) Notwithstanding section 31(10) of the Companies (Victoria) Code, where a
corporation that was, immediately before the commencement of this Act,
registered as a foreign company under the Companies Act 1961 becomes a
recognized foreign company for the purposes of that Code, the Commission may,
if in the opinion of the Commission it is no longer necessary or desirable to
retain them, destroy or dispose of any documents lodged by or in relation to
that corporation under the Companies Act 1961 or under any corresponding
previous law.