Document ID: chunk:federal_register_of_legislation:C2025C00185:section:579b
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 579B
Character Range: 1938245–1939292

579B  Court may cancel or confirm variation
 (1) If:
 (a) a pooling determination is in force in relation to a group of 2 or more companies; and
 (b) the determination is varied; and
 (c) the variation has come into force;
either of the following persons may apply to the Court for an order cancelling the variation:
 (d) a creditor of a company in the group;
 (e) in a case where a company in the group is being wound up under a members' voluntary winding up—a member of the company, so long as the member is not a company in the group.
 (2) On an application, the Court:
 (a) may make an order cancelling the variation, or confirming it, either wholly or in part, on such conditions (if any) as the order specifies; and
 (b) may make such other orders as it thinks appropriate.
 (3) If the Court makes an order under subsection (2), the applicant for the order must:
 (a) lodge with ASIC a notice setting out the text of the order; and
 (b) do so within 2 business days after the making of the order.
The notice must be in the prescribed form.