CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.3A - ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT  

Division 9 - Administrator's liability and indemnity for debts of administration  

Subdivision B - Indemnity  

SECTION 443D   443D   RIGHT OF INDEMNITY  


The administrator of a company under administration is entitled to be indemnified out of the company ' s property (other than any PPSA retention of title property subject to a PPSA security interest that is perfected within the meaning of the Personal Property Securities Act 2009 ) for:


(a) debts for which the administrator is liable under Subdivision A or a remittance provision as defined in subsection 443BA(2) ; and


(aa) any other debts or liabilities incurred, or damages or losses sustained, in good faith and without negligence, by the administrator in the performance or exercise, or purported performance or exercise, of any of his or her functions or powers as administrator; and


(b) the remuneration to which he or she is entitled under Division 60 of Schedule 2 (external administrator ' s remuneration).


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