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 17 - Miscellaneous

SECTION 451C   EFFECT OF THINGS DONE DURING ADMINISTRATION OF COMPANY  

451C    A payment made, transaction entered into, or any other act or thing done, in good faith, by, or with the consent of, the administrator of a company under administration:

(a)  is valid and effectual for the purposes of this Law; and

(b)  is not liable to be set aside in a winding up of the company.