Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Where ASIC is investigating, or has investigated, under Division 1 of Part 3 of the ASIC Act:
(a) matters being, or connected with, affairs of a company; or
(b) matters including such matters;
ASIC may apply to the Court for the winding up of the company.
(2) For the purposes of an application under subsection (1), this Act applies, with such modifications as the circumstances require, as if a winding up application had been made by the company.
(3) ASIC must give a copy of an application made under subsection (1) to the company.
Note: This Part applies to a sub - fund of a CCIV in a modified form: see Division 5 of Part 8B.6.