THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.3A - ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT

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History

Pt 5.3A inserted by No 210 of 1992, s 56 (effective 23 June 1993).

Division 4 - Administrator investigates company's affairs

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History

Heading inserted by No 210 of 1992, s 56 (effective 23 June 1993).

SECTION 438A   ADMINISTRATOR TO INVESTIGATE AFFAIRS AND CONSIDER POSSIBLE COURSES OF ACTION  

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438A    As soon as practicable after the administration of a company begins, the administrator must:

(a)  investigate the company's business, property, affairs and financial circumstances; and

(b)  form an opinion about each of the following matters:

(i) whether it would be in the interests of the company's creditors for the company to execute a deed of company arrangement;

(ii) whether it would be in the creditors' interests for the administration to end;

(iii) whether it would be in the creditors' interests for the company to be wound up.

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History

S 438A inserted by No 210 of 1992, s 56 (effective 23 June 1993).

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