CCH Note:
Part 13 of the
Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW
82
The Corporations Law is as follows:...
CHAPTER 5 - EXTERNAL ADMINISTRATION
PART 5.3A - ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT
History
Pt 5.3A inserted by No 210 of 1992, s 56 (effective 23 June
1993).
Division 9 - Administrator's liability and indemnity for debts of administration
History
Heading inserted by No 210 of 1992, s 56 (effective 23 June 1993).
Subdivision B - Indemnity
History
Heading inserted by No 210 of 1992, s 56 (effective 23 June 1993).
SECTION 443D
RIGHT OF INDEMNITY
443D
The administrator of a company under administration is entitled to be indemnified out of the company's property for:
(a)
debts for which the administrator is liable under Subdivision A or a remittance provision as defined in subsection 443BA(3); and
(b)
his or her remuneration as fixed under section
449E.
History
S 443D amended by No 32 of 1993, s 23 (effective 1 July 1993).
S 443D inserted by No 210 of 1992, s 56 (effective 23 June 1993).