QLDIn ForceAct
Corporations (Queensland) Act 1990
sec.57Companies liquidation account
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### sec.57 Companies liquidation account
In this section—
relevant money means—
money that, immediately before the commencement of this section, stood to the credit of the companies liquidation account established by the Companies (Queensland) Code , section 428 ; and
money that, after the commencement of this section, is paid into the companies liquidation account under provisions of the Companies (Queensland) Code that are taken to continue in force after the commencement of the Corporations Law, chapter 5 for the purposes of windings up started before the commencement of that chapter.
Relevant money is to be dealt with in accordance with the Companies (Queensland) Code , section 427 .
(sec.57-ssec.1) In this section— relevant money means— money that, immediately before the commencement of this section, stood to the credit of the companies liquidation account established by the Companies (Queensland) Code , section 428 ; and money that, after the commencement of this section, is paid into the companies liquidation account under provisions of the Companies (Queensland) Code that are taken to continue in force after the commencement of the Corporations Law, chapter 5 for the purposes of windings up started before the commencement of that chapter.
(sec.57-ssec.2) Relevant money is to be dealt with in accordance with the Companies (Queensland) Code , section 427 .
- (a) money that, immediately before the commencement of this section, stood to the credit of the companies liquidation account established by the Companies (Queensland) Code , section 428 ; and
- (b) money that, after the commencement of this section, is paid into the companies liquidation account under provisions of the Companies (Queensland) Code that are taken to continue in force after the commencement of the Corporations Law, chapter 5 for the purposes of windings up started before the commencement of that chapter.