Corporations Act 2001
CHAPTER 10
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TRANSITIONAL PROVISIONS
PART 10.25
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TRANSITIONAL PROVISIONS RELATING TO THE INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)
Division 3
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Application of Part 3 of the Insolvency Practice Schedule (Corporations) and related consequential amendments
Subdivision D
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Funds handling
SECTION 1590
HANDLING SECURITIES
Application of the Insolvency Practice Schedule (Corporations)
1590(1)
Section 65-40 of the Insolvency Practice Schedule (Corporations) does not apply in relation to negotiable instruments and other securities received before the commencement day.
Old regulations continue to apply to money received before commencement
1590(2)
Regulation 5.6.07 of the old regulations continues to apply in relation to bills, notes and other securities received before the commencement day.
Repeal the heading, substitute:
Old regulations continue to apply to securities received before 1 September 2017
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View history note
Hide history noteApplication of the Insolvency Practice Schedule (Corporations)
1590(1)
Section 65-40 of the Insolvency Practice Schedule (Corporations) does not apply in relation to negotiable instruments and other securities received before the commencement day.
Old regulations continue to apply to money received before commencement
1590(2)
Regulation 5.6.07 of the old regulations continues to apply in relation to bills, notes and other securities received before the commencement day.
[ CCH Note: Regulation Sch 13, item [10] (which was effective 1 March 2017) provides that s 1590(2) (heading) is amended as follows:
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