Commonwealth Numbered Acts

CORPORATE LAW REFORM ACT 1992 No. 210 of 1992 - SECT 64

64. After section 467 of the Corporations Law the following sections are
inserted: Effect of defect or irregularity on application under Part 5.4 or
5.4A

"467A. An application under Part 5.4 or 5.4A must not be dismissed merely
because of one or more of the following:

   (a)  in any case - a defect or irregularity in connection with the
        application;

   (b)  in the case of an application for a company to be wound up in
        insolvency - a defect in a statutory demand; unless the Court is
        satisfied that substantial injustice has been caused that cannot
        otherwise be remedied (for example, by an adjournment or an order for
        costs). Court may order winding up of company that is being wound up
        voluntarily

"467B. The Court may make an order under section 260, 459A, 459B or 461 even
if the company is already being wound up voluntarily.".