Document ID: chunk:federal_register_of_legislation:C2025C00185:section:507:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 507 (pt 2/2)
Character Range: 1823390–1824217

govern the arbitration. The agreed arbitration law is the law of that State or Territory relating to commercial arbitration.
 (8) The appointment of an arbitrator may be made in writing signed by:
 (a) if there is only one liquidator—the liquidator; or
 (b) if there is more than one liquidator—any 2 or more of the liquidators.
 (9) The Court may give any directions necessary for the initiation and conduct of the arbitration and any such direction is binding on the parties.
 (10) In the case of a creditors' voluntary winding up, the powers of the liquidator under this section must not be exercised except with the approval of the Court or the committee of inspection.
 (11) The company must lodge a copy of a special resolution referred to in subsection (2) or (5) with ASIC within 14 days after the resolution is passed.