Document ID: chunk:federal_register_of_legislation:C2012A00048:clause:1_489ec
Version: federal_register_of_legislation:C2012A00048
Segment Type: clause
Provision Reference: sch 1 cl 489EC
Character Range: 6362–6885

489EC  Appointment of liquidator
 (1) If ASIC orders under section 489EA that a company be wound up, ASIC may:
 (a) appoint a liquidator for the purpose of winding up the affairs and distributing the property of the company; and
 (b) determine the remuneration to be paid to the liquidator.
 (2) An appointment of a liquidator by ASIC must not be made without the written consent of the liquidator.
 (3) A vacancy in the office of a liquidator appointed by ASIC is to be filled by the appointment of a liquidator by ASIC.