21Winding up under this Part

#### 21 Winding up under this Part 21 Winding up under this Part > > (1) During the winding up period for a liable entity— > > > > > (a) any winding up of the entity is to be conducted only in accordance with the provisions of this Part, and > > > > > (b) no proceedings may be brought or continued in a court or other tribunal for the winding up of the entity otherwise than in accordance with the provisions of this Part. > > > (2) Nothing in this Part is intended to prevent or limit any liable entity or any of its directors or other officers from providing assistance to ASIC. > > > (3) In this section, winding up means any scheme of arrangement, receivership, winding up or other kind of external administration.