A T O home
Legal Database
Search   
for 
 
Access the database 
Browse database
Searches  
View last document
Quick access 
View legislation
View a document
Email Cross Reference Material Previous/Next Section Contents Previous/Next Result
Printable version
Printable
version

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 80-35  FUNCTIONS OF COMMITTEE OF INSPECTION  

 View history reference

80-35(1)  

A committee of inspection has the following functions:


(a) to advise and assist the external administrator of the company;


(b) to give directions to the external administrator of the company;


(c) to monitor the conduct of the external administration of the company;


(d) such other functions as are conferred on the committee by this Act;


(e) to do anything incidental or conducive to the performance of any of the above functions.

80-35(2)  

An external administrator of a company must have regard to any directions given to the external administrator by the committee of inspection, but the external administrator is not required to comply with such directions.

80-35(3)  

If an external administrator of a company does not comply with a direction, the external administrator must make a written record of that fact, along with the external administrator ' s reasons for not complying with the direction.

 



This information is provided by CCH Australia Limited. View the disclaimer and notice of copyright.
Top of page
More information on page