Corporations Act 2001
SCHEDULE 2
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INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)
The cost of carrying out a review under this Subdivision:
(a) in the case of a reviewing liquidator appointed with the agreement of the external administrator of the company under subsection 90-24(5) - is to be borne by the creditors or members referred to in that subsection; or
(b) in any other case - forms part of the expenses of the external administration of the company.
90-27(2)
Subsection (1) has effect subject to an order of the Court under section 90-28 .
Note: See section 600K .
PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS Division 90 - Review of the external administration of a company Subdivision C - Review by another registered liquidator CLAUSE 90-27 WHO PAYS FOR A REVIEW? 90-27(1)The cost of carrying out a review under this Subdivision:
(a) in the case of a reviewing liquidator appointed with the agreement of the external administrator of the company under subsection 90-24(5) - is to be borne by the creditors or members referred to in that subsection; or
(b) in any other case - forms part of the expenses of the external administration of the company.
90-27(2)
Subsection (1) has effect subject to an order of the Court under section 90-28 .
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