Document ID: chunk:federal_register_of_legislation:C2007A00132:clause:1_579k:p1
Version: federal_register_of_legislation:C2007A00132
Segment Type: clause
Provision Reference: sch 1 cl 579K (pt 1/2)
Character Range: 117065–119659

579K  Notice of pooling order etc.

Notice of pooling order

 (1) If a pooling order is made in relation to a group of 2 or more companies, the liquidator or liquidators of the companies in the group must:
 (a) give each eligible unsecured creditor of each company in the group a written notice setting out:
 (i) the order; and
 (ii) a summary description of the order; or
 (b) give each eligible unsecured creditor of each company in the group a written notice of an Internet site where persons can view a copy of:
 (i) the order; and
 (ii) a summary description of the order.

Note 1: For eligible unsecured creditor, see section 579Q.

Note 2: For electronic notification under this subsection, see section 600G.

 (2) If:
 (a) a pooling order is made in relation to a group of 2 or more companies; and
 (b) a company in the group is being wound up under a members' voluntary winding up;
the liquidator or liquidators of the companies in the group must:
 (c) give each member of that company a written notice setting out:
 (i) the order; and
 (ii) a summary description of the order;
  so long as the member is not a company in the group; or
 (d) give each member of that company a written notice of an Internet site where persons can view a copy of:
 (i) the order; and
 (ii) a summary description of the order;
  so long as the member is not a company in the group.

Note: For electronic notification under this subsection, see section 600G.

Notice of application by liquidator

 (3) If:
 (a) a pooling order is made in relation to a group of 2 or more companies; and
 (b) the Court does any of the following on the application of a liquidator of a company in the group:
 (i) makes an order under subsection 579F(1);
 (ii) makes an order under subsection 579G(1);
 (iii) makes an order under subsection 579H(1);
 (iv) gives a direction under subsection 579G(1);
 (v) varies a direction given under subsection 579G(1);
the liquidator must:
 (c) give each eligible unsecured creditor of each company in the group a written notice setting out:
 (i) the order, direction or variation; and
 (ii) a summary description of the order, direction or variation; or
 (d) give each eligible unsecured creditor of each company in the group a written notice of an Internet site where persons can view a copy of:
 (i) the order, direction or variation; and
 (ii) a summary description of the order, direction or variation.

Note 1: For eligible unsecured creditor, see section 579Q.

Note 2: For electronic notification under this subsection, see section 600G.

 (4) If:
 (a) a pooling order is made in