Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 158

158. (1) This section has effect where:

   (a)  on a particular day, a company ceases to be a trading corporation; and

   (b)  the company is not a banking corporation.

(2) This section also has effect where:

   (a)  on a particular day, a company ceases to be a banking corporation; and

   (b)  the company is not a trading corporation.

(3) Within 14 days after that day, the company shall lodge a written notice
stating that the company has ceased to be:

   (a)  if subsection (1) applies-a trading corporation; or

   (b)  if subsection (2) applies-a banking corporation.

(4) Within 28 days after that day, the company shall, unless an application
for an order to wind up the company on the ground provided for by subsection 
459 (1) has been made already and not yet dealt with, make such an
application.