Corporations Amendment (Insolvency) Act 2007 (132 of 2007)

Schedule 1   Improving outcomes for creditors

Part 2   Better informing creditor decisions

Corporations Act 2001

18   Section 9

Insert:

firm , in relation to an administrator or liquidator, means:

(a) if the administrator or liquidator is a partner or employee of a partnership (the partnership firm ) that provides advice or other services in relation to externally-administered bodies corporate - the partnership firm; or

(b) if the administrator or liquidator is an officer or employee of a body corporate (the body corporate firm ) that provides advice or other services in relation to externally-administered bodies corporate - the body corporate firm.