Corporations Act 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.25 - TRANSITIONAL PROVISIONS RELATING TO THE INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

Division 3 - Application of Part 3 of the Insolvency Practice Schedule (Corporations) and related consequential amendments  

Subdivision C - Remuneration and other benefits received by external administrators  

SECTION 1583   OLD ACT CONTINUES TO APPLY IN RELATION TO ANY RIGHT OF INDEMNITY  

1583(1)    
This section applies if the remuneration of an external administrator of a company is fixed under section 449E of the old Act:

(a) before the commencement day; or

(b) on or after the commencement day (in accordance with a provision of this Division).

1583(2)    
Despite the repeal of that section and the amendment of paragraph 443D(b) of the old Act by Schedule 2 to the Insolvency Law Reform Act 2016 , the old Act continues to apply in relation to any right of indemnity that the external administrator has as if that repeal and amendment had not happened.