(1) Where there is doubt, on a specific ground, about:
- (a)
- whether a
purported appointment of a person, after 23 June 1993, as receiver of
property of a corporation is valid; or
- (b)
- whether a person who has entered into possession, or assumed control, of
property of a corporation after 23 June 1993 did so validly under the
terms of a charge on that property;
the person, the corporation or any of the corporation's creditors may apply to
the Court for an order under subsection (2).
(2) On an application, the Court may make an order declaring whether or not:
- (a)
- the purported appointment was valid; or
- (b)
- the person entered into possession, or assumed control, validly under the
terms of the charge;
as the case may be, on the ground specified in the application or on some
other ground.
Commonwealth Numbered Acts