Document ID: chunk:federal_register_of_legislation:C2012A00048:clause:1_489eb
Version: federal_register_of_legislation:C2012A00048
Segment Type: clause
Provision Reference: sch 1 cl 489EB
Character Range: 5541–6362

489EB  Deemed resolution that company be wound up voluntarily
  If ASIC orders under section 489EA that a company be wound up:
 (a) the company is taken to have passed a special resolution under section 491 that the company be wound up voluntarily; and
 (b) the company is taken to have passed the special resolution:
 (i) at the time when ASIC made the order under section 489EA; and
 (ii) without a declaration having been made and lodged under section 494; and
 (c) section 496 has effect as if:
 (i) a declaration had been made under section 494; and
 (ii) the reference in subsection 496(1) to the period stated in the declaration were a reference to the 12‑month period beginning when ASIC made the order under section 489EA; and
 (d) section 497 is taken to have been complied with in relation to the winding up.