Commonwealth Repealed Acts
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This legislation has been repealed.
CORPORATIONS LAW- SECT 435A
Object of Part
The object of this Part is to provide for the business, property and
affairs of an insolvent company to be administered in a way that:
- (a)
- maximises the chances of the
company, or as much as possible of its business, continuing in existence;
or
- (b)
- if it is not possible for the company or its business to continue
in existence—results in a better return for the company's creditors and
members than would result from an immediate winding up of the company.
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