This note is not part of the order, but is intended to indicate its general effect.
This order removes Equiticorp International Number Two Limited (the company) from statutory management under the Corporations (Investigation and Management) Act 1989 at 10 am on 1 November 2013 (the specified time). The company was placed into receivership under the Companies Special Investigations Act 1958 at 6 pm on 22 January 1989 by the Companies Special Investigations Order 1989, before being made subject to statutory management by the Corporations (Investigation and Management) Order 1989. The Corporations (Investigation and Management) Order 2006 affirmed that the company remained subject to statutory management.
The effect of this order is that, in accordance with section 62(3) of the Corporations (Investigation and Management) Act 1989, at the specified time,—
the company ceases to be subject to statutory management; and
the appointments of the statutory managers in respect of the company terminate; and
the appointments of the members of the advisory committee for the statutory management of the company terminate.
This order confirms that the subsidiaries specified in the Schedule continue to be subject to statutory management.
Date of notification in Gazette: 3 October 2013.
This order is administered by the Ministry of Business, Innovation, and Employment.