Insolvency Law Reform Act 2016 (11 of 2016)

Schedule 3   Other amendments

Part 4   Termination of deed of company arrangement

Corporations Act 2001

11   Subsection 499(2)

Repeal the subsection, substitute:

(2) However, subsection (1) does not apply to the company if:

(a) section 446A or 446AA applies in relation to the company; or

(b) regulations made for the purposes of section 446B have the effect that the company is taken to have passed a special resolution under section 491 that the company be wound up voluntarily.