Section 459T — Corporations Act 2001 (Cth)

Application to wind up joint debtors in insolvency

(1) A single application may be made for 2 or more companies to be wound up in insolvency if they are joint debtors, whether partners or not.

(2) On such an application, the Court may order that one or more of the companies be wound up in insolvency, even if it dismisses the application in so far as it relates to another or others.

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.

Related sections

s 459Q — Application relying on failure to comply with statutory demand
s 459R — Period within which application must be determined
s 459S — Company may not oppose application on certain grounds
s 461 — General grounds on which company may be wound up by Court
s 462 — Standing to apply for winding up
s 464 — Application for winding up in connection with investigation under ASIC Act

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