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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 14 - Qualifications of administrators  

SECTION 448B  ADMINISTRATOR MUST BE REGISTERED LIQUIDATOR  

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448B(1)  [Prohibition against appointment]  


A person must not consent to be appointed, and must not act, as administrator of a company or of a deed of company arrangement.

448B(2)  [Limitation]  

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Subsection (1) does not apply if the person is a registered liquidator.

Note: A defendant bears an evidential burden in relation to the matter in subsection (2), see subsection 13.3(3) of the Criminal Code.

448B(3)  [Strict liability offence]  

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An offence based on subsection (1) is an offence of strict liability.

Note: For strict liability, see section 6.1 of the Criminal Code.


 



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