Corporations Act 2001
CHAPTER 5
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EXTERNAL ADMINISTRATION
PART 5.3A
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ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT
Division 11
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Variation, termination and avoidance of deed
SECTION 445C
445C
WHEN DEED TERMINATES
A deed of company arrangement terminates when:
(a) the Court makes under section 445D an order terminating the deed; or
(b) the company ' s creditors pass a resolution terminating the deed at a meeting; or
(c) if the deed specifies circumstances in which it is to terminate - those circumstances exist; or
(d) the administrator of the deed executes a notice of termination of the deed in accordance with section 445FA ;
A deed of company arrangement terminates when:
(a) the Court makes under section 445D an order terminating the deed; or
(b) the company ' s creditors pass a resolution terminating the deed at a meeting; or
[ CCH Note: Regulation 10.25.02(3)(g) (which was effective 1 March 2017) provides that the amendments made by No 11 of 2016, s 3, Sch 2[119] apply in relation to external administrations on and after 1 September 2017.]
(c) if the deed specifies circumstances in which it is to terminate - those circumstances exist; or
(d) the administrator of the deed executes a notice of termination of the deed in accordance with section 445FA ;
whichever happens first.
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