Treasury Laws Amendment (2017 Measures No. 2) Act 2017 (55 of 2017)

Schedule 2   Amendments relating to insolvency

Corporations Act 2001

7   After subsection 60-20(4) of Schedule 2

Insert:

(4A) Despite paragraph (2)(c), subsection (1) does not apply to the extent that a related entity of the external administrator directly or indirectly derives a profit or advantage:

(a) from remuneration paid to the external administrator in accordance with section 60-5 of this Schedule; or

(b) from a profit or advantage covered by subsection (4).