Document ID: chunk:federal_register_of_legislation:C2004C01070:clause:1_232
Version: federal_register_of_legislation:C2004C01070
Segment Type: clause
Provision Reference: sch 1 cl 232
Character Range: 112209–112928

232  Grounds for Court order

  The Court may make an order under section 233 if:
 (a) the conduct of a company's affairs; or
 (b) an actual or proposed act or omission by or on behalf of a company; or
 (c) a resolution, or a proposed resolution, of members or a class of members of a company;
is either:
 (d) contrary to the interests of the members as a whole; or
 (e) oppressive to, unfairly prejudicial to, or unfairly discriminatory against, a member or members whether in that capacity or in any other capacity.
For the purposes of this Part, a person to whom a share in the company has been transmitted by will or by operation of law is taken to be a member of the company.

Note: For affairs, see section 53.