Validity of proceedings in earlier winding up
Where, at the time when: (a) the Court orders under section 233, 459A, 459B or 461 that a company be wound up; or (b) a company resolves by special resolution that it be wound up voluntarily; a winding up of the company is already in progress, all proceedings in the last‑mentioned winding up are taken to have been valid, except so far as the Court otherwise orders because fraud or mistake has been proved.
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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