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CORPORATIONS ACT 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

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

Division 3 - Application of Part 3 of the Insolvency Practice Schedule (Corporations) and related consequential amendments    View history reference

Subdivision B - General rules for Part 3    View history reference

SECTION 1579  APPLICATION OF PART 3 OF THE INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS) - GENERAL RULES  

 View history reference

New external administrations

1579(1)  

Part 3 of the Insolvency Practice Schedule (Corporations) applies in relation to a new external administration of a company.

Ongoing external administrations

1579(2)  

Part 3 of the Insolvency Practice Schedule (Corporations) applies in relation to an ongoing external administration of a company in accordance with this Division.

[CCH Note: Regulation Sch 13, item [4] (which was effective 1 March 2017) provides that s 1579 is amended as follows:

Repeal the section, substitute:
1579 Application of Part 3 of the Insolvency Practice Schedule (Corporations) - general rules
(1) Part 3 of the Insolvency Practice Schedule (Corporations) applies in relation to an external administration of a company that starts on or after 1 September 2017.
(2) Part 3 of the Insolvency Practice Schedule (Corporations) applies in relation to an ongoing external administration of a company in accordance with this Division.
]

 



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