Corporations Act 2001
This section applies if:
(a) an application has been made under section 1292 of the old Act in relation to a person before the commencement day; and
(b) before the commencement day, the Board has decided to refuse to:
(i) make an order in response to the application under subsection 1292(2) , (3) , (4) , (5) , (6) or (7) ; or
(ii) deal with the person under subsection 1292(9) in response to the application; or
(iii) convene a conference in relation to the application under section 1294A .
1567(2)
The old Act continues to apply in relation to the decision to refuse to make the order under subsection 1292(2) , (3) , (4) , (5) , (6) or (7) , deal with the matter under subsection 1292(9) in response to the application or convene a conference under section 1294A .
1567(3)
The same matter may not be dealt with under Division 40 of the Insolvency Practice Schedule (Corporations).
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