Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (76 of 2023)

Schedule 2   ALRC Financial Services Interim Report: single glossary of defined terms

Part 1   Amendments

Division 4   Terms relating to external administration and property

Corporations Act 2001

114   Section 416

Repeal the section, substitute:

416 Meaning of property and receiver

In this Part:

property , in relation to a corporation, means property:

(a) in the case of a company - in Australia or outside Australia; or

(b) in the case of a registered foreign company - in this jurisdiction or an external Territory; or

(c) in the case of a registrable Australian body - in this jurisdiction but outside the body's place of origin.

Note: See section 9 (definition of property ).

receiver , in relation to property of a corporation, includes a receiver and manager.