Document ID: chunk:federal_register_of_legislation:C2025C00185:section:232
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 232
Character Range: 710714–711547

232  Grounds for Court order
  The Court may make an order under section 233 if:
 (a) the conduct of a company's affairs; or
 (b) an actual or proposed act or omission by or on behalf of a company; or
 (c) a resolution, or a proposed resolution, of members or a class of members of a company;
is either:
 (d) contrary to the interests of the members as a whole; or
 (e) oppressive to, unfairly prejudicial to, or unfairly discriminatory against, a member or members whether in that capacity or in any other capacity.
For the purposes of this Part, a person to whom a share in the company has been transmitted by will or by operation of law is taken to be a member of the company.
Note 1: For affairs, see sections 53 and 53AAA.
Note 2: The effect of paragraph (d) is extended in relation to a sub‑fund of a CCIV: see section 1227F.