Document ID: chunk:federal_register_of_legislation:C2025C00185:section:601cl:p3
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 601CL (pt 3/3)
Character Range: 2235429–2236228

to make their claims against the foreign company within a reasonable time before the distribution; and
 (b) must not, without obtaining an order of the Court, pay out a creditor of the foreign company to the exclusion of another creditor of the foreign company; and
 (c) must, unless the Court otherwise orders, recover and realise the property of the foreign company in this jurisdiction and must pay the net amount so recovered and realised to the liquidator of the foreign company for its place of origin.
 (16) Where a registered foreign company has been wound up so far as its property in this jurisdiction is concerned and there is no liquidator for its place of origin, the liquidator may apply to the Court for directions about the disposal of the net amount recovered under subsection (15).