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 15 - Removal, replacement and remuneration of administrator

SECTION 449D   VACANCY IN OFFICE OF ADMINISTRATOR OF DEED OF COMPANY ARRANGEMENT  

449D(1)  [Administrator dies, etc]  

Where the administrator of a deed of company arrangement:

(a)  dies; or

(b)  becomes prohibited from acting as administrator of the deed; or

(c)  resigns by notice in writing given to the company;

the Court may appoint someone else as administrator of the deed.

449D(2)  [Court may appoint administrator]  

Where a deed of company arrangement has not yet terminated, but for some reason no administrator of the deed is acting, the Court may appoint a person as administrator of the deed.

449D(3)  [Who may apply for appointment]  

An appointment may be made on the application of the Commission or of an officer, member or creditor of the company.