Commonwealth Numbered Acts

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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 575

Commission to act as representative of defunct company
575. (1) Where, after a company has been dissolved, it is proved to the
satisfaction of the Commission:

   (a)  that the company, if it still existed, would be legally or equitably
        bound to carry out, complete or give effect to some dealing,
        transaction or matter; and

   (b)  that, in order to carry out, complete or give effect to that dealing,
        transaction or matter, some purely administrative act, not being of a
        discretionary kind, should have been done by or on behalf of the
        company, or should be done by or on behalf of the company if the
        company still existed; the Commission may, as representing the company
        or its liquidator under the provisions of this section, do that act or
        cause that act to be done.

(2) The Commission may execute or sign any relevant instrument or document
adding a memorandum stating that it has done so pursuant to this section, and
any such execution or signature has the same force, validity and effect as if
the company, if it still existed, had duly executed the instrument or
document. 


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