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Insolvency Law Reform Act 2016
181Before subsection 577(1)
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181 Before subsection 577(1)
(1A) Within 5 business days after the liquidator or liquidators of a group of 2 or more companies:
(a) make a pooling determination in relation to the group; or
(b) vary a pooling determination in force in relation to the group;
the liquidator or liquidators must convene separate meetings of the eligible unsecured creditors of each of the companies in the group.
Note: For eligible unsecured creditor, see section 579Q.