20Winding up period

#### 20 Winding up period 20 Winding up period > > (1) For the purposes of this Act, the winding up period for a liable entity means the period— > > > > > (a) commencing on the day on which this section commences, and > > > > > (b) ending at the end of the day— > > > > > > > (i) appointed by the Governor under subsection (2) for the termination of the winding up under this Part, or > > > > > > > (ii) on which the liable entity is deregistered under the Corporations Act, > > > > > > whichever first occurs. > > > > Note— > > > > Section 28 prevents the making of applications for the deregistration of a liable entity under the Corporations Act unless the Minister has consented to the application or the Supreme Court has made an order under section 52 for the deregistration application to be made. > > > (2) At any time before the finalisation day in relation to a liable entity, the Governor may, by proclamation published in the Gazette, fix a day under subsection (1) (b) (i) for the termination of the winding up of the liable entity under this Part. > > > (3) Different days may be fixed for the termination of the winding up of different liable entities. > > > (4) The Governor may, by proclamation published in the Gazette, revoke a proclamation published under subsection (2), in which case the revoked proclamation is taken never to have been published. > > > (5) A revoking proclamation has effect only if published before the day fixed under subsection (2) by the proclamation it revokes. > > > (6) The revocation of a proclamation published under subsection (2) does not prevent publication of a further proclamation under that subsection.