Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Court is to adjourn the hearing of an application for an order to wind up a company if the company is under restructuring and the Court is satisfied that it is in the interests of the company's creditors for the company to continue under restructuring rather than be wound up.
(2) The Court is not to appoint a provisional liquidator of a
company if the company is under restructuring and the Court is satisfied that
it is in the interests of the company's creditors for the company to
continue under restructuring rather than have a provisional liquidator
appointed.