Corporations Act 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.25 - TRANSITIONAL PROVISIONS RELATING TO THE INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

Division 3 - Application of Part 3 of the Insolvency Practice Schedule (Corporations) and related consequential amendments  

Subdivision D - Funds handling  

SECTION 1590   HANDLING SECURITIES  


Application of the Insolvency Practice Schedule (Corporations)

1590(1)    
Section 65-40 of the Insolvency Practice Schedule (Corporations) does not apply in relation to negotiable instruments and other securities received before the commencement day.

Old regulations continue to apply to money received before commencement

1590(2)    
Regulation 5.6.07 of the old regulations continues to apply in relation to bills, notes and other securities received before the commencement day.


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