Corporations Amendment (Insolvency) Act 2007 (132 of 2007)

Schedule 4   Fine-tuning voluntary administration

Part 1   General

Corporations Act 2001

7   Subsection 436E(4)

Repeal the subsection, substitute:

(4) At the meeting, the company's creditors may also pass a resolution:

(a) removing the administrator from office; and

(b) appointing someone else as administrator of the company.