Corporations (Repeals, Consequentials and Transitionals) Act 2001 (Incorporating amendments up to Act No. 116 of 2003) (55 of 2001)

Part 3   Special transitional arrangements for ACT

Division 2   Transitional arrangements for the former co-operative scheme legislation

10   Companies Liquidation Account

(1) In this section:

relevant money means:

(a) money that, immediately before the Corporations Law commencement, stood to the credit of the Companies Liquidation Account established by section 428 of the Companies Act 1981; and

(b) money that, after the Corporations Law commencement, was or is paid into the Companies Liquidation Account under provisions of the Companies Act 1981 that were taken to continue in force after the Corporations Law commencement for the purposes of windings up started before that commencement.

(2) Relevant money is to be dealt with in accordance with section 427 of the Companies Act 1981.