Document ID: chunk:federal_register_of_legislation:C2025C00185:section:161a:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 161A (pt 2/2)
Character Range: 511581–513019

Note: For strict liability, see section 6.1 of the Criminal Code.
 (5) The regulations may exempt a specified company, or a class of companies, from the requirement in subsection (2) or (3). The exemption may relate to specified documents or instruments, or a specified class of documents or instruments.
 (6) The Court may only grant leave under subsection (3) on the application of:
 (a) if subparagraph (1)(b)(ii) applies—the liquidator of the company; or
 (b) if subparagraph (1)(b)(iii) applies—the administrator of the company; or
 (c) if subparagraph (1)(b)(iv) applies—the administrator of the deed of company arrangement; or
 (ca) if subparagraph (1)(b)(iva) applies—the restructuring practitioner for the company; or
 (cb) if subparagraph (1)(b)(ivb) applies—the restructuring practitioner for the restructuring plan; or
 (d) if subparagraph (1)(b)(v) applies—the managing controller; or
 (e) if subparagraph (1)(b)(vi) applies—the receiver.
 (6A) As soon as practicable after applying for leave under subsection (3), the applicant must lodge with ASIC a notice stating that the application has been made. The notice must be in the prescribed form.
 (7) The Court may only grant leave under subsection (3) if it is satisfied that the granting of leave will not result in any significant risk to the interests of the company's creditors (including contingent or prospective creditors) as a whole.

Part 2B.7—Changing company type