Corporations Act 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

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

Division 5 - Application of other consequential amendments  

SECTION 1627   OFFICE OF LIQUIDATOR APPOINTED BY THE COURT  
Vacancies in office of liquidator appointed by the Court

1627(1)    
Despite the repeal of section 473 of the old Act by Schedule 2 to the Insolvency Law Reform Act 2016 , that section continues to apply in relation to a vacancy in the office of a liquidator appointed by the Court that occurs before the commencement day.

1627(2)    
Section 473A , as inserted by Schedule 2 to the Insolvency Law Reform Act 2016 , applies in relation to vacancies in the office of a liquidator appointed by the Court that occur on or after the commencement day.

Where there are 2 or more liquidators appointed by the Court

1627(3)    
Subsections 473A(4) and (5) , as inserted by Schedule 2 to the Insolvency Law Reform Act 2016 , apply in relation to 2 or more liquidators appointed by the Court, whether the liquidators were appointed before, on or after the commencement day.