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 2   Terms in general use

Corporations Act 2001

43   Section 9 (definition of secured creditor)

Repeal the definition, substitute:

secured creditor :

(a) of a corporation - means a creditor of the corporation, if the debt owing to the creditor is secured by a security interest; and

(b) of a sub-fund of a CCIV - means a secured creditor of the CCIV, if the debt owing to the creditor is, to any extent, a liability of the sub-fund.