Corporations Amendment (Insolvency) Act 2007 (132 of 2007)

Schedule 1   Improving outcomes for creditors

Part 4   Facilitating pooling in external administration

Corporations Act 2001

128   At the end of section 548

Add:

(4) This section does not apply in relation to a company if:

(a) either:

(i) a pooling determination is in force in relation to a group of 2 or more companies; or

(ii) a pooling order is in force in relation to a group of 2 or more companies; and

(b) the company is in the group.