Corporations Act 2001
CHAPTER 5
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EXTERNAL ADMINISTRATION
PART 5.3A
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ADMINISTRATION OF A COMPANY
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S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT
Division 17
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Miscellaneous
SECTION 451C
451C
EFFECT OF THINGS DONE DURING ADMINISTRATION OF COMPANY
A payment made, transaction entered into, or any other act or thing done, in good faith, by, or with the consent of, the administrator of a company under administration:
(a) is valid and effectual for the purposes of this Act; and
(b) is not liable to be set aside in a winding up of the company.
Note: This Part does not apply to a CCIV or a sub-fund of a CCIV: see Division 4 of Part 8B.6 .
View history note
Hide history noteA payment made, transaction entered into, or any other act or thing done, in good faith, by, or with the consent of, the administrator of a company under administration:
(a) is valid and effectual for the purposes of this Act; and
(b) is not liable to be set aside in a winding up of the company.
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