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CORPORATIONS ACT 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.25 - TRANSITIONAL PROVISIONS RELATING TO THE INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

Division 1 - Introduction    View history reference

SECTION 1551  

1551  DEFINITIONS  

 View history reference
In this Part:

commencement day means the day on which Part 1 of Schedule 2 to the Insolvency Law Reform Act 2016 commences.

[CCH Note: Regulation 10.25.01(1) (which was effective 1 March 2017) provides:

For the purposes of subsection 1634(1) of the Act, Part 10.25 of Chapter 10 of the Act applies as if the references in Divisions 3 and 5 of that Part to the commencement day were a reference to 1 September 2017.

]

Insolvency Practice Schedule (Corporations) means Schedule 2 to this Act, and includes rules made under section 105-1 of that Schedule.

make , in relation to an order that is a direction, includes give.

new external administration of a company means an external administration of a company that starts on or after the commencement day.

old Act means the Corporations Act 2001, as in force immediately before the commencement day and includes the old regulations.

old Act registrant has the meaning given by subsection 1553(4).

old Act registration day , in relation to a person, has the meaning given by subsection 1555(2).

old regulations means the Corporations Regulations 2001, as in force immediately before the commencement day.

ongoing external administration of a company means an external administration of a company that started before the commencement day and ends after that day.

[CCH Note: Regulation 10.25.01(2) (which was effective 1 March 2017) provides:

For the purposes of subsection 1634(1) of the Act, Part 10.25 of Chapter 10 of the Act applies as if the definition of ongoing external administration in section 1551 of the Act were omitted and the following definition were substituted for the purposes of Divisions 3 and 5 of that Part:

ongoing external administration of a company means an external administration of a company that started before 1 September 2017 and ends after that day.

]

order includes a direction.

registered : a person is registered as a liquidator, or as a liquidator of a specified body corporate, at a particular time in the circumstances set out in subsection 1552(2).

Register of Liquidators means the Register of Liquidators established and maintained under section 15-1 of the Insolvency Practice Schedule (Corporations).


 



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