THE CORPORATIONS LAW

CHAPTER 11 - APPLICATION AND TRANSITIONAL PROVISIONS

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PART 11.2 - COMMENCEMENT AND APPLICATION OF CERTAIN CHANGES TO THIS LAW

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Division 5 - Changes resulting from the Corporate Law Reform Act 1992

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SECTION 1379   APPLICATION OF CERTAIN CHANGES TO PART 5.2  

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1379(1)  [Controller of property]  

The following apply in relation to a controller of property of a corporation if, and only if, the control day begins at or after the commencement of section 40 of the Corporate Law Reform Act 1992:

(a)  sections 419A, 420A, 420B and 421A, subsection 428(2) and sections 434A, 434B and 434C of this Law;

(b)  sections 423, 424, 426, 429, 430, 431, 432 and 434 of this Law, as in force after that commencement.

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1379(2)  [Receivers, etc]  

Sections 423, 424, 426, 429, 430, 431, 432 and 434, as in force before the commencement of section 40 of the Corporate Law Reform Act 1992, continue to apply in relation to a receiver, or receiver and manager, of property of a corporation if the control day began before that commencement.

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1379(3)  [Sec 420C]  

Section 420C applies in relation to a receiver, or receiver and manager, of property of a corporation if, and only if, the control day begins at or after the commencement of section 41 of the Corporate Law Reform Act 1992, even if the corporation began to be wound up before that commencement.

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1379(4)  [Application]  

Section 421, as in force after the commencement of section 42 of the Corporate Law Reform Act 1992:

(a)  applies in relation to a receiver, or receiver and manager, of property of a corporation even if the control day began before that commencement; and

(b)  applies in relation to any other controller of property of a corporation if, and only if, the control day began at or after that commencement.

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