THE CORPORATIONS LAW

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.3A - ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT

Division 9 - Administrator's liability and indemnity for debts of administration

Subdivision A - Liability

SECTION 443A   GENERAL DEBTS  

443A(1)  [Administrator liable for debts, etc]  

The administrator of a company under administration is liable for debts he or she incurs, in the performance or exercise, or purported performance or exercise, of any of his or her functions and powers as administrator, for:

(a)  services rendered; or

(b)  goods bought; or

(c)  property hired, leased, used or occupied.

443A(2)  [Administrator's rights against company]  

Subsection (1) has effect despite any agreement to the contrary, but without prejudice to the administrator's rights against the company or anyone else.