Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 564

564. Where in any winding up:

   (a)  property has been recovered under an indemnity for costs of litigation
        given by certain creditors, or has been protected or preserved by the
        payment of moneys or the giving of indemnity by creditors; or

   (b)  expenses in relation to which a creditor has indemnified a liquidator
        have been recovered; the Court may make such orders, as it deems just
        with respect to the distribution of that property and the amount of
        those expenses so recovered with a view to giving those creditors an
        advantage over others in consideration of the risk assumed by them.