Commonwealth Numbered Acts

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CORPORATE LAW REFORM ACT 1992 No. 210 of 1992 - SECT 78

Delegation to liquidator of certain powers of Court 
78. Section 488 of the Corporations Law is amended:

   (a)  by omitting from paragraph (1)(c) "the making of calls and";

   (b)  by omitting subsection (2) and substituting the following subsection:

"(2) Despite anything in rules or regulations made for the purposes of
subsection (1), a liquidator may distribute a surplus only with the Court's
special leave.".

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