Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 536

536. (1) Where:

   (a)  it appears to the Court or to the Commission that a liquidator has not
        faithfully performed or is not faithfully performing his or her duties
        or has not observed or is not observing:

        (i)    a requirement of the Court; or

        (ii)   a requirement of this Act, of the regulations or of the rules;
               or

   (b)  a complaint is made to the Court or to the Commission by any person
        with respect to the conduct of a liquidator in connection with the
        performance of his or her duties; the Court or the Commission, as the
        case may be, may inquire into the matter and, where the Court or the
        Commission so inquires, the Court may take such action as it thinks
        fit.

(2) The Commission may report to the Court any matter that in its opinion is a
misfeasance, neglect or omission on the part of the liquidator and the Court
may order the liquidator to make good any loss that the estate of the company
has sustained thereby and may make such other order or orders as it thinks
fit.

(3) The Court may at any time require a liquidator to answer any inquiry in
relation to the winding up and may examine the liquidator or any other person
on oath concerning the winding up and may direct an investigation to be made
of the books of the liquidator.