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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 F - Meetings    View history reference

SECTION 1602  EXTERNAL ADMINISTRATOR MUST CONVENE MEETINGS IN CERTAIN CIRCUMSTANCES  

Application of the Insolvency Practice Schedule (Corporations)

1602(1)  

Section 75-15 of the Insolvency Practice Schedule (Corporations) does not apply in relation to:


(a) directions given before the commencement day; or


(b) resolutions passed before the commencement day.

Old Act continues to apply in relation to resolutions for voluntary winding up passed before commencement day

1602(2)  

Despite their repeal by Schedule 2 to the Insolvency Law Reform Act 2016:


(a) sections 497 and 498 of the old Act continue to apply on and after the commencement day in relation to a resolution for voluntary winding up that is passed before the commencement day; and


(b) subsection 477(4) of the old Act continues to apply on and after the commencement day if a meeting of creditors has not been held under section 497 of the old Act in relation to a voluntary winding up a resolution for which is passed before the commencement day.


 



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