THE CORPORATIONS LAW

CHAPTER 11 - APPLICATION AND TRANSITIONAL PROVISIONS

PART 11.2 - COMMENCEMENT AND APPLICATION OF CERTAIN CHANGES TO THIS LAW

Division 5 - Changes resulting from the Corporate Law Reform Act 1992

SECTION 1380   CONTINUED APPLICATION OF OLD PART 5.3 AND RELATED PROVISIONS  

1380(1)  [Continued official management]  

If, before the commencement of section 56 of the Corporate Law Reform Act 1992, a company was placed under official management, Part 5.3 and paragraphs 462(2)(e), (f) and (g) of this Law, as in force before that commencement, continue to apply in relation to the company, but the company cannot again be placed under official management after that commencement.

1380(2)  [Administrator not be appointed while company under official management]  

While a company is under official management, an administrator of the company cannot be appointed under section 436A, 436B or 436C.