Commonwealth Numbered Acts

CORPORATE LAW REFORM ACT 1992 No. 210 of 1992 - SECT 46

46. Section 425 of the Corporations Law is amended:
(a) by omitting from subsection (1) everything before "by order" and
substituting "The Court may";
(b) by omitting from subsection (1) "the corporation" and substituting "a
corporation";

   (c)  by omitting subsection (4) and substituting the following subsections:

"(4) The Court may from time to time vary or amend an order under this
section.

"(5) An order under this section may be made, varied or amended on the
application of:

   (a)  a liquidator of the corporation; or

   (b)  an administrator of the corporation; or

   (c)  an administrator of a deed of company arrangement executed by the
        corporation; or

   (d)  the Commission.

"(6) An order under this section may be varied or amended on the application
of the receiver concerned.

"(7) An order under this section may be made, varied or amended only as
provided in subsections (5) and (6).".