Document ID: chunk:federal_register_of_legislation:C2025C00185:section:489ec
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 489EC
Character Range: 1785016–1785740

489EC  Appointment of liquidator
 (1) If ASIC orders under section 489EA that a company be wound up, ASIC may appoint a liquidator for the purpose of winding up the affairs and distributing the property of the company.
Note: For the remuneration of liquidators appointed under this section, see Subdivision D of Division 60 of Schedule 2.
 (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.

Part 5.5—Voluntary winding up
Note: This Part applies to a sub‑fund of a CCIV in a modified form: see Division 5 of Part 8B.6.

Division 1A—Preliminary