THE CORPORATIONS LAW

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.7A - RECIPROCITY WITH OTHER JURISDICTIONS

Division 1 - Application of Part 5.3A to matters arising under corresponding laws

SECTION 588AA   APPLICATION IN THIS JURISDICTION  

588AA(1)  [Administration, etc of recognised company]  

This section has effect for the purposes of:

(a)  the administration of a recognised company; or

(b)  a deed of company arrangement executed by a recognised company;

in so far as those purposes concern this jurisdiction.

588AA(2)  [Application of Pt 5.3 to recognised company]  

Part 5.3A applies in relation to the recognised company in the same way, as nearly as practicable, as it applies in relation to a company.

588AA(3)  [Power of administrator]  

Without limiting subsection (2), the administrator of the recognised company, or of the deed, as the case may be, may perform or exercise any function or power under Part 5.3A of a kind that an administrator of a company, or of a deed of company arrangement executed by a company, may perform or exercise under that Part.