109Liability of industry services body for the subsidiary company

#### 109 Liability of industry services body for the subsidiary company (1) For the purposes of this section, for so long as the industry services body is in a position to control the operations of Asia Dairy Industries (H.K.) Limited, a company incorporated in Hong Kong, that company is taken to be the subsidiary company. (2) If: (a) the subsidiary company is wound‑up; and (b) the liabilities of the subsidiary company payable on the winding‑up are not able to be met in full from the assets of the subsidiary company; the industry services body is liable to meet those liabilities, to the extent that they are not able to be met out of the assets of the subsidiary company, as if the liabilities had been incurred by the industry services body. (3) Jurisdiction is conferred on the Federal Court and, subject to the Constitution, on the Supreme Courts of the Territories, and the Supreme Courts of the States are invested with federal jurisdiction, in respect of proceedings arising under subsection (2). (4) The jurisdiction with which a court of a State is invested by subsection (3) is invested within the limits of the jurisdiction of that court, not being limits as to locality.