Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.3B - CRISIS RESOLUTION FOR CS FACILITY LICENSEES  

DIVISION 3 - STATUTORY MANAGEMENT  

Subdivision E - Other matters  

SECTION 836K   PROTECTION OF PERSONS DEALING WITH STATUTORY MANAGER  

836K(1)    
Sections 128 and 129 apply in relation to a body corporate under statutory management as if:

(a)    a reference in those sections to the company, or to an officer of the company, included a reference to the statutory manager of the body corporate; and

(b)    a reference in those sections to an assumption referred to in section 129 included a reference to an assumption that the statutory manager is:

(i) acting within the statutory manager ' s functions and powers as statutory manager; and

(ii) in particular, is complying with this Act.

836K(2)    
The effect that sections 128 and 129 have because of subsection (1) of this section is additional to, and does not prejudice, the effect that sections 128 and 129 otherwise have in relation to a body corporate under statutory management.