Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 480

480. When the liquidator:

   (a)  has realised all the property of the company or so much of that
        property as can in his or her opinion be realised without needlessly
        protracting the winding up, and has distributed a final dividend (if
        any) to the creditors and adjusted the rights of the contributories
        among themselves and made a final return (if any) to the
        contributories; or

   (b)  has resigned or has been removed from office; he or she may apply to
        the Court:

   (c)  for an order that he or she be released; or

   (d)  for an order that he or she be released and that the company be
        dissolved.