Insolvency Law Reform Act 2016 (11 of 2016)

Schedule 2   Amendments relating to the Insolvency Practice Schedule (Corporations)

Part 2   Amendments consequential on the introduction of the Insolvency Practice Schedule (Corporations)

Corporations Act 2001

89   Paragraph 411(9)(b)

Repeal the paragraph, substitute:

(b) Subdivision B (court powers to inquire and make orders) of Division 90 of Schedule 2 applies in relation to that person or those persons as if:

(i) the appointment of the person or persons to administer the compromise or arrangement were an appointment of the person or persons as an external administrator of the body; and

(ii) a reference in that Subdivision to an external administration were a reference to the administration of the compromise or arrangement; and

(iii) a reference in that Subdivision to an external administrator were a reference to that person or to those persons.