Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 547

547. (1) The Court may, as to all matters relating to the winding up of a
company, have regard to the wishes of the creditors or contributories as
proved to it by any sufficient evidence and may, if it thinks fit for the
purpose of ascertaining those wishes, direct meetings of the creditors or
contributories to be convened, held and conducted in such manner as the Court
directs, and may appoint a person to act as chairman of any such meeting and
to report the result of the meeting to the Court.

(2) In the case of creditors, regard shall be had to the value of each
creditor's debt.

(3) In the case of contributories, regard shall be had to the number of votes
conferred on each contributory by this Act or the articles.