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

Schedule 1   Improving outcomes for creditors

Part 3   Streamlining external administration

Corporations Act 2001

53   Subsection 421(1)

Before "controller" (first occurring), insert "managing".

Note: The heading to section 421 is altered by omitting " Controller's " and substituting " Managing controller's ".