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BELL GROUP COMPANIES (FINALISATION OF MATTERS AND DISTRIBUTION OF PROCEEDS) ACT 2015

Table of Provisions

PART 1 -- Preliminary  

  • 1 Short title
  •  
  • 2 Commencement
  •  
  • 3 Terms used
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  • 4 Objects of this Act
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  • 5 Crown bound
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  • 6 Extraterritorial operation

PART 2 -- Authority and Fund

Division 1 -- WA Bell Companies Administrator Authority  

  • 7 Authority established
  •  
  • 8 Administrator appointed
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  • 9 Functions of the Authority
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  • 10 Powers of the Authority
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  • 11 Use of government staff
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  • 12 Delegation
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  • 13 Execution of documents by the Authority
  •  
  • 14 Annual and final reports
  •  
  • 15 Special reports

Division 2 -- The WA Bell Companies Administrator Authority Fund  

  • 16 Establishment of Fund
  •  
  • 17 Investment of Fund
  •  
  • 18 Administration expenses
  •  
  • 19 Accounting for losses

Division 3 -- Assumptions  

  • 20 Assumptions entitled to be made
  •  
  • 21 Assumptions

PART 3 -- WA Bell Companies

Division 1A -- WA Bell Companies continuing existence  

  • 21A WA Bell Companies continuing existence

Division 1 -- Transfer of property  

  • 22 Transfer of property
  •  
  • 23 Notice to property holder
  •  
  • 24 Steps to be taken to perfect transfer

Division 2 -- Treatment of liabilities  

  • 25 Treatment of liabilities

Division 3 -- Voiding of Agreements  

  • 26 Certain agreements voided

Division 4 -- Administration of WA Bell Companies  

  • 27 Authority to administer WA Bell Companies
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  • 28 Role of Authority as administrator of WA Bell Companies
  •  
  • 29 Powers of other officers

Division 5 -- Dissolution of WA Bell Companies  

  • 30 Dissolution of companies

Division 6 -- Miscellaneous  

  • 31 Registration of documents to show effect of this Part

PART 4 -- Completion of winding up of WA Bell Companies

Division 1 -- Application of this Part  

  • 32 Application of this Part in relation to certain interests

Division 2 -- Information gathering  

  • 33 Requirements on liquidator
  •  
  • 34 Call for proof of liabilities

Division 3 -- Reports and recommendations by the Authority  

  • 35 Role of the Authority
  •  
  • 36 Authority must seek submissions from affected creditors
  •  
  • 37 Determination of property and liabilities
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  • 38 Reports to the Minister on property and liabilities
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  • 39 Recommendations with respect to liabilities
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  • 40 Recommendations with respect to funding or indemnities

Division 4 -- Determinations of the Governor  

  • 41 Governor may determine amounts and property: interim determinations
  •  
  • 42 Governor may determine amounts and property: final determination
  •  
  • 43 Determinations: general provisions

Division 5 -- Giving effect to Governor’s determination  

  • 44 Authority to make payments or transfer property

Division 6 -- Release of Liquidator  

  • 45 Release of liquidator

PART 5 -- Winding up of the Authority and Fund  

  • 46 Closure of the Fund
  •  
  • 48 Vesting of property in the State
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  • 49 Reports on Authority’s functions

PART 6 -- Application of Corporations Act  

  • 50 Terms used
  •  
  • 51 WA Bell Companies excluded from Corporations legislation
  •  
  • 52 Displacement of certain provisions of Corporations legislation
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  • 53 Applying the Corporations legislation to WA Bell Companies
  •  
  • 53A Validity of certain provisions

PART 7 -- Offences  

  • 54 Scheme to avoid operation of Act or achievement of its objects
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  • 55 Certain deregistered companies not to be reinstated by certain persons
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  • 56 Dealings with property
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  • 57 Obstruction or hindrance of the Authority
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  • 58 Failure to comply with requirements
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  • 59 False information
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  • 60 Confidentiality of information
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  • 61 Liability of officers of body corporate for offence by body corporate
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  • 62 Further provisions relating to liability of officers of body corporate
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  • 63 Conduct on behalf of bodies corporate and principals
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  • 64 Continuing offences: daily penalties
  •  
  • 65 Bringing prosecutions
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  • 66 Injunctions to ensure compliance with this Act

PART 8 -- Miscellaneous  

  • 67 Privilege
  •  
  • 68 Effect of things done under Act
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  • 69 Protection of the Minister, the Authority and others
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  • 70 Protection of ICWA and others connected with it
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  • 71 Protection for compliance with the Act
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  • 72 Act not to give rise to liability against the State, Authority or Administrator
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  • 73 Stay of proceedings
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  • 74 No appeal or review
  •  
  • 75 Conduct of inquiry
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  • 76 Judicial notice
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  • 77 Freedom of Information Act 1992
  •  
  • 78 Power to obtain opinion
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  • 79 Constructive notice of contents of document
  •  
  • 80 Translation of documents
  •  
  • 81 Service of documents
  •  
  • 82 Approved forms
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  • 83 Regulations
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  • 84 Expiry of Act
  •  
  • 85 The Bell Group Companies (Finalisation of Matters and Distribution of Proceeds) Amendment Act 2016

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