40Power of Commission to destroy or dispose of documents

40 Power of Commission to destroy or dispose of documents

(1)  Notwithstanding section 31 (10) of the Companies (Tasmania) Code , where a corporation that is a recognized company for the purposes of that Code was, immediately before the commencement of this Act, registered as a foreign company under the Companies Act 1962, the Commission may, if in the opinion of the Commission it is no longer necessary or desirable to retain them, destroy or dispose of any documents lodged by or in relation to that corporation under the Companies Act 1962 or under any corresponding previous law.

(2)  Notwithstanding section 31 (10) of the Companies (Tasmania) Code , where a corporation that was, immediately before the commencement of this Act, a recognized company under the Companies Act 1962 or was registered as a foreign company under that Act, the Commission may, if in the opinion of the Commission it is no longer necessary or desirable to retain them, destroy or dispose of any documents lodged by or in relation to that corporation under the Companies Act 1962 or under any corresponding previous law.