Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 482

482. (1) At any time during the winding up of a company, the Court may, on the
application of the liquidator or of a creditor or contributory, make an order
staying the winding up either indefinitely or for a limited time or
terminating the winding up on a day specified in the order.

(2) On such an application, the Court may, before making an order, direct the
liquidator to furnish a report with respect to a relevant fact or matter.

(3) Where the Court has made an order terminating the winding up, the Court
may give such directions as it thinks fit for the resumption of the management
and control of the company by its officers, including directions for the
convening of a general meeting of members of the company to elect directors of
the company to take office upon the termination of the winding up.

(4) The costs of proceedings before the Court under this section and the costs
incurred in convening a meeting of members of the company in accordance with
an order of the Court under this section shall, if the Court so directs, form
part of the costs, charges and expenses of the winding up.

(5) Where an order is made under this section, the company shall lodge an
office copy of the order within 14 days after the making of the order.