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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 H - Review of the external administration of a company    View history reference

SECTION 1619  REVIEW BY ANOTHER REGISTERED LIQUIDATOR  

1619(1)  

The following subsections are for the avoidance of doubt.

1619(2)  

Sections 90-24 and 90-26 of the Insolvency Practice Schedule (Corporations) apply whether or not:


(a) the remuneration is paid or payable; or


(b) the cost or expense is incurred or paid;

before, on or after the commencement day.

[CCH Note: Regulation Sch 13, items [33] and [34] (which was effective 1 March 2017) provide that s 1619(2) is amended as follows:

After "apply", insert "on and after 1 September 2017".
Omit "the commencement day", substitute "that day".
]

1619(3)  

A period determined by the Court under paragraph 90-26(4)(d) of the Insolvency Practice Schedule (Corporations) or prescribed under paragraph 90-26(4)(c) may include a period that:


(a) starts before the commencement day but ends after that day; or


(b) starts and ends before the commencement day.

1619(4)  

Section 90-28 of the Insolvency Practice Schedule (Corporations) applies whether or not the books or information mentioned in paragraph 90-28(2)(a) were prepared before, on or after the commencement day.

[CCH Note: Regulation Sch 13, items [35] and [36] (which was effective 1 March 2017) provide that s 1619(4) is amended as follows:

After "applies", insert "on and after 1 September 2017".
Omit "the commencement day", substitute "that day".
]

1619(5)  

Rules made for the purposes of section 90-29 of the Insolvency Practice Schedule (Corporations) in relation to the meaning of properly incurred may make provision for or in relation to costs and expenses incurred before, on or after the commencement day.


 



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