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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 90 - Review of the external administration of a company  

Subdivision C - Review by another registered liquidator  

CLAUSE 90-27  WHO PAYS FOR A REVIEW?  

90-27(1)  

The cost of carrying out a review under this Subdivision:


(a) in the case of a reviewing liquidator appointed with the agreement of the external administrator of the company under subsection 90-24(5) - is to be borne by the creditors or members referred to in that subsection; or


(b) in any other case - forms part of the expenses of the external administration of the company.

90-27(2)  

Subsection (1) has effect subject to an order of the Court under section 90-28.

 



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