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
89 Paragraph 411(9)(b)
Repeal the paragraph, substitute:
(b) Subdivision B (court powers to inquire and make orders) of Division 90 of Schedule 2 applies in relation to that person or those persons as if:
(i) the appointment of the person or persons to administer the compromise or arrangement were an appointment of the person or persons as an external administrator of the body; and
(ii) a reference in that Subdivision to an external administration were a reference to the administration of the compromise or arrangement; and
(iii) a reference in that Subdivision to an external administrator were a reference to that person or to those persons.
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