Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 415

415. (1) Within 14 days after being appointed to administer a compromise or
arrangement approved under this Part, a person shall lodge a notice in writing
of the appointment.

(2) Where an application is made to the Court under this Part in relation to a
proposed compromise or arrangement, the Court may:

   (a)  before making any order on the application, require the Commission or
        another person specified by the Court to give to the Court a report as
        to the terms of the compromise or arrangement or of the scheme for the
        purposes of or in connection with which the compromise or arrangement
        has been proposed, the conduct of the officers of the body or bodies
        concerned and any other matters that, in the opinion of the Commission
        or that person, ought to be brought to the attention of the Court;

   (b)  in deciding the application, have regard to anything contained in the
        report; and

   (c)  make such order or orders as to the payment of the costs of preparing
        and giving the report as the Court thinks fit.