Corporations Act 2001
SCHEDULE 2
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INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)
A bank account is an administration account for a company if:
(a) the account is maintained in relation to the external administration of the company; and
(b) if any requirements are prescribed in relation to the administration accounts of companies under external administration, the account complies with those requirements.
65-10(2)
A bank account is an administration account for a member of a pooled group of companies if:
(a) the account is maintained in relation to the external administration of the pooled group of companies; and
(b) if any requirements are prescribed in relation to the administration accounts of companies under external administration, the account complies with those requirements.
Note: See section 600K .
PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS Division 65 - Funds handling CLAUSE 65-10 ADMINISTRATION ACCOUNTS 65-10(1)A bank account is an administration account for a company if:
(a) the account is maintained in relation to the external administration of the company; and
(b) if any requirements are prescribed in relation to the administration accounts of companies under external administration, the account complies with those requirements.
65-10(2)
A bank account is an administration account for a member of a pooled group of companies if:
(a) the account is maintained in relation to the external administration of the pooled group of companies; and
(b) if any requirements are prescribed in relation to the administration accounts of companies under external administration, the account complies with those requirements.
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