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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 75 - Meetings  

CLAUSE 75-35  COMMONWEALTH MAY ATTEND CERTAIN MEETINGS ETC.  

 View history reference

Application of this section

75-35(1)  

This section applies if:


(a) a company is under external administration; and


(b) either:


(i) a former employee of the company has made a claim for financial assistance from the Commonwealth in relation to unpaid employment entitlements; or

(ii) the Commonwealth considers that such a claim is likely to be made.

Commonwealth may nominate representative for meetings

75-35(2)  

The Commonwealth is entitled to nominate a representative to attend any meeting of creditors or contributories held in relation to the external administration.

 



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