Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 534

534. (1) Where:

   (a)  a report has been lodged under section 533; and

   (b)  it appears to the Commission that the matter is not one in respect of
        which a prosecution ought to be begun; it shall inform the liquidator
        accordingly, and the liquidator may begin a prosecution for any
        offence referred to in the report.

(2) The Commission may direct that the whole or a specified part of the costs
and expenses properly incurred by a liquidator in proceedings under this
section shall be paid out of money of the Commission.

(3) Subject to a direction under subsection (2), to any charges on the
property of the company and to any debts to which this Act gives priority, all
such costs and expenses are payable out of that property as part of the costs
of the winding up.