THE CORPORATIONS LAW

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.3A - ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT

Division 3 - Administrator assumes control of company's affairs

SECTION 437A   ROLE OF ADMINISTRATOR  

437A(1)  [Powers of administrator]  

While a company is under administration, the administrator:

(a)  has control of the company's business, property and affairs; and

(b)  may carry on that business and manage that property and those affairs; and

(c)  may terminate or dispose of all or part of that business, and may dispose of any of that property; and

(d)  may perform any function, and exercise any power, that the company or any of its officers could perform or exercise if the company were not under administration.

437A(2)  [Interpretation of sec 437A(1)]  

Nothing in subsection (1) limits the generality of anything else in it.