Corporations Amendment (Insolvency) Act 2007 (132 of 2007)

Schedule 1   Improving outcomes for creditors

Part 3   Streamlining external administration

Corporations Act 2001

59   Subsection 422(1)

After "receiver" (first occurring), insert "or managing controller".

Note: The heading to section 422 is altered by adding at the end " or managing controller ".