Treasury Laws Amendment (2017 Measures No. 2) Act 2017 (55 of 2017)
Schedule 2 Amendments relating to insolvency
Corporations Act 2001
7 After subsection 60-20(4) of Schedule 2
Insert:
(4A) Despite paragraph (2)(c), subsection (1) does not apply to the extent that a related entity of the external administrator directly or indirectly derives a profit or advantage:
(a) from remuneration paid to the external administrator in accordance with section 60-5 of this Schedule; or
(b) from a profit or advantage covered by subsection (4).
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