178Voluntary winding-up

178 Voluntary winding-up

178 Voluntary winding-up

(1) If a society is to be wound-up voluntarily, a person employed in the office of the Registrar may be appointed liquidator.

(2) If a society is being wound-up voluntarily and a vacancy happens in the office of liquidator, a person employed in the office of the Registrar may be appointed liquidator to fill the vacancy.

(3) An appointment under subsection (1) or (2) is not effective unless made with the written approval of the Registrar.

(4) A person appointed as liquidator under this section need not be a registered liquidator under the Corporations Act.

(5) The remuneration payable in relation to a liquidator appointed under this section must be paid to the Registrar.

s 178: Am 2001 No 34, Sch 4.11 [20].