NSWIn ForceAct
James Hardie Former Subsidiaries (Winding up and Administration) Act 2005
45Powers of SPF trustee after finalisation day
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#### 45 Powers of SPF trustee after finalisation day
45 Powers of SPF trustee after finalisation day
> > (1) The SPF trustee may, by written order served on a liable entity, direct the entity to do, or not to do, any thing that the SPF trustee is satisfied is necessary or appropriate for the purposes of collecting the property of the liable entity and discharging the outstanding liabilities on the finalisation day of the liable entity.
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> > (2) Without limiting subsection (1), the SPF trustee may, by written order served on a liable entity, direct the entity—
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> > > (a) to carry on the business of the entity so far as is necessary or appropriate for those purposes, or
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> > > (b) to pay any claims (whether or not they are claims for payable liabilities) that are proven under this Division, or
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> > > (c) to make any compromise or arrangement with claimants or persons claiming to be claimants or having or alleging that they have a claim (present or future, certain or contingent, ascertained or sounding only in damages) against the entity or by which the entity may be rendered liable.
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> > (3) Any thing authorised to be done by a liable entity under section 23 is authorised to be done after the liable entity is given a direction by an order under this section only to the extent (if any) that the doing of the thing is consistent with the direction.
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> > (4) A liable entity is required and authorised to comply with any direction given to it under an order made under this section and served on it.