Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 582

582. (1) This Part has effect in addition to, and not in derogation of,
sections 342 and 350 and any provisions contained in this Act or any other
Australian law with respect to the winding up of bodies, and the liquidator or
Court may exercise any powers or do any act in the case of Part 5.7 bodies
that might be exercised or done by him, her or it in the winding up of
companies.

(2) Nothing in this Part affects the operation of the Bankruptcy Act 1966.

(3) A Part 5.7 body incorporated outside Australia may be wound up under this
Part notwithstanding that it is being wound up or has been dissolved or has
otherwise ceased to exist as a body corporate under or by virtue of the laws
of the place under which it was incorporated.

(4) The effect that this Chapter has by virtue of section 583 or 584 is
additional to, and does not prejudice, the effect that this Chapter has
otherwise than by virtue of those sections.