Section 579B — Corporations Act 2001: Court may cancel or confirm variation

(1) If: (a) a pooling determination is in force in relation to a group of 2 or more companies; and (b) the determination is varied; and (c) the variation has come into force; either of the following persons may apply to the Court for an order cancelling the variation: (d) a creditor of a company in the group; (e) in a case where a company in the group is being wound up under a members’ voluntary winding up—a member of the company, so long as the member is not a company in the group. (2) On an application, the Court: (a) may make an order cancelling the variation, or confirming it, either wholly or in part, on such conditions (if any) as the order specifies; and (b) may make such other orders as it thinks appropriate. (3) If the Court makes an order under subsection (2), the applicant for the order must: (a) lodge with ASIC a notice setting out the text of the order; and (b) do so within 2 business days after the making of the order. The notice must be in the prescribed form.