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CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.3A - ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT  

Division 11 - Variation, termination and avoidance of deed  

SECTION 445C  

445C  WHEN DEED TERMINATES  

A deed of company arrangement terminates when:


(a) the Court makes under section 445D an order terminating the deed; or


(b) the company ' s creditors pass a resolution terminating the deed at a meeting; or

[ CCH Note: Regulation 10.25.02(3)(g) (which was effective 1 March 2017) provides that the amendments made by No 11 of 2016, s 3, Sch 2[119] apply in relation to external administrations on and after 1 September 2017.]


(c) if the deed specifies circumstances in which it is to terminate - those circumstances exist; or
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(d) the administrator of the deed executes a notice of termination of the deed in accordance with section 445FA ;
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whichever happens first.


 



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