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CORPORATIONS ACT 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)    View history reference

Note: See section 600K.

PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS  

Division 65 - Funds handling  

CLAUSE 65-10  ADMINISTRATION ACCOUNTS  

 View history reference

65-10(1)  

A bank account is an administration account for a company if:


(a) the account is maintained in relation to the external administration of the company; and


(b) if any requirements are prescribed in relation to the administration accounts of companies under external administration, the account complies with those requirements.

65-10(2)  

A bank account is an administration account for a member of a pooled group of companies if:


(a) the account is maintained in relation to the external administration of the pooled group of companies; and


(b) if any requirements are prescribed in relation to the administration accounts of companies under external administration, the account complies with those requirements.

 



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