Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (76 of 2023)
Schedule 2 ALRC Financial Services Interim Report: single glossary of defined terms
Part 1 Amendments
Division 4 Terms relating to external administration and property
Corporations Act 2001
114 Section 416
Repeal the section, substitute:
416 Meaning of property and receiver
In this Part:
property , in relation to a corporation, means property:
(a) in the case of a company - in Australia or outside Australia; or
(b) in the case of a registered foreign company - in this jurisdiction or an external Territory; or
(c) in the case of a registrable Australian body - in this jurisdiction but outside the body's place of origin.
Note: See section 9 (definition of property ).
receiver , in relation to property of a corporation, includes a receiver and manager.
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