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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 80 - Committees of inspection  

CLAUSE 80-25  APPOINTMENT OF COMMITTEE MEMBER BY EMPLOYEES  

 View history reference

80-25(1)  

Either:


(a) an employee of the company; or


(b) employees of the company;

representing at least 50% in value of entitlements owed to or in respect of employees by the company may appoint a person as a member of the committee of inspection to represent the employees.

80-25(2)  

If an employee or a group of employees appoints a person as a member of a committee of inspection under this section, the employee or group of employees may:


(a) remove the person as a member of the committee; and


(b) appoint another person to fill a vacancy in the office of that member of the committee.

80-25(3)  

An employee, acting either alone or with others, is not entitled to appoint a person as a member of a committee of inspection under subsection (1) if:


(a) the employee votes on a resolution to appoint or remove a member of the committee under section 80-15; or


(b) the employee, acting either alone or with others, appoints a member of the committee under subsection 80-20(1); or


(c) the employee, acting either alone or with others, has already appointed a member of the committee under subsection (1) of this section.

80-25(4)  

In this section:

employee of a company has the same meaning as in Part 5.8A.

entitlements of an employee of a company has the same meaning as in Part 5.8A.

 



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