Substitution of another person for the person granted leave
(1) Any of the following persons may apply to the Court for an order that they be substituted for a person to whom leave has been granted under section 237: (a) a member, former member, or a person entitled to be registered as a member, of the company or of a related body corporate; (b) an officer, or former officer, of the company. (2) The Court may make the order if it is satisfied that: (a) the applicant is acting in good faith; and (b) it is appropriate to make the order in all the circumstances. (3) An order substituting one person for another has the effect that: (a) the grant of leave is taken to have been made in favour of the substituted person; and (b) if the other person has already brought the proceedings or intervened—the substituted person is taken to have brought those proceedings or to have made that intervention.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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