Insolvency Law Reform Act 2016 (11 of 2016)
Schedule 2 Amendments relating to the Insolvency Practice Schedule (Corporations)
Part 2 Amendments consequential on the introduction of the Insolvency Practice Schedule (Corporations)
Corporations Act 2001
148 After subsection 477(2B)
Insert:
(2C) Subsection (2B) does not apply to an agreement if the costs and expenses of the company under the agreement are to be paid out of money paid to the liquidator:
(a) by ASIC on behalf of the Commonwealth; and
(b) for the purpose of paying the costs and expenses.
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