Document ID: chunk:federal_register_of_legislation:C2025C00185:section:486a:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 486A (pt 2/2)
Character Range: 1774697–1775928

provisional liquidator of the company; or
 (b) ASIC.
 (3) On hearing an application for an order under subsection (1), the Court must have regard to any relevant application under section 1323.
 (4) Before considering an application for an order under subsection (1), the Court may, if in the Court's opinion it is desirable to do so, grant an interim order of the kind applied for that is expressed to have effect until the application is determined.
 (5) The Court must not require an applicant for an order under subsection (1) or any other person, as a condition of granting an interim order under subsection (4), to give an undertaking as to damages.
 (6) On the application of a person who applied for, or is affected by, an order under this section, the Court may make a further order discharging or varying the first‑mentioned order.
 (7) An order under subsection (1) may be expressed to operate for a specified period or until it is discharged by a further order.
 (8) A person must not intentionally or recklessly contravene an order under this section that is applicable to the person.
 (9) This section has effect subject to the Bankruptcy Act 1966.
 (10) Nothing in this section affects any other powers of the Court.