Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 584

584. Subject to this Part, a Type B body may be wound up under this Chapter,
and this Chapter applies accordingly to a Type B body with such adaptations as
are necessary, including the following adaptations:

   (a)  the principal place of business in Australia of a Type B body shall,
        for all the purposes of the winding up, be deemed to be the registered
        office of the Type B body;

   (b)  a Type B body shall not be wound up voluntarily under this Chapter;

   (c)  the circumstances in which a Type B body may be wound up are as
        follows:

        (i)    if the Type B body is unable to pay its debts;

        (ii)   if the Type B body has been dissolved because it was unable to
               pay its debts.