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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 564
Power of Court to make orders in favour of certain
creditors 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 money 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.
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