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
- 4 Objects of this Act
- 5 Crown bound
- 6 Extraterritorial operation
PART 2 -- Authority and Fund
Division 1 -- WA Bell Companies Administrator Authority
- 7 Authority established
- 8 Administrator appointed
- 9 Functions of the Authority
- 10 Powers of the Authority
- 11 Use of government staff
- 12 Delegation
- 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
- 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
- 38 Reports to the Minister on property and liabilities
- 39 Recommendations with respect to liabilities
- 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
PART 5 -- Winding up of the Authority and Fund
- 46 Closure of the Fund
- 48 Vesting of property in the State
- 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
- 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
- 55 Certain deregistered companies not to be reinstated by certain persons
- 56 Dealings with property
- 57 Obstruction or hindrance of the Authority
- 58 Failure to comply with requirements
- 59 False information
- 60 Confidentiality of information
- 61 Liability of officers of body corporate for offence by body corporate
- 62 Further provisions relating to liability of officers of body corporate
- 63 Conduct on behalf of bodies corporate and principals
- 64 Continuing offences: daily penalties
- 65 Bringing prosecutions
- 66 Injunctions to ensure compliance with this Act
PART 8 -- Miscellaneous
- 67 Privilege
- 68 Effect of things done under Act
- 69 Protection of the Minister, the Authority and others
- 70 Protection of ICWA and others connected with it
- 71 Protection for compliance with the Act
- 72 Act not to give rise to liability against the State, Authority or Administrator
- 73 Stay of proceedings
- 74 No appeal or review
- 75 Conduct of inquiry
- 76 Judicial notice
- 77 Freedom of Information Act 1992
- 78 Power to obtain opinion
- 79 Constructive notice of contents of document
- 80 Translation of documents
- 81 Service of documents
- 82 Approved forms
- 83 Regulations
- 84 Expiry of Act
- 85 The Bell Group Companies (Finalisation of Matters and Distribution of Proceeds) Amendment Act 2016