Corporations Amendment (Sons of Gwalia) Act 2010 (150 of 2010)

Schedule 1   Amendment of the Corporations Act 2001

3   At the end of Division 3 of Part 5.9

Add:

600H Rights if claim against the company postponed

(1) A person whose claim against a company is postponed under section 563A is entitled:

(a) to receive a copy of any notice, report or statement to creditors only if the person asks the administrator or liquidator of the company, in writing, for a copy of the notice, report or statement; and

(b) to vote in their capacity as a creditor of the company, at a meeting ordered under subsection 411(1) or during the external administration of the company, only if the Court so orders.

(2) In this section:

external administration includes the following:

(a) voluntary administration;

(b) a compromise or arrangement under part 5.1;

(c) administration under a deed of company arrangement;

(d) winding up by the Court;

(e) voluntary winding up.