CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.3A - ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT  

Division 13 - Powers of Court  

SECTION 447B   ORDERS TO PROTECT CREDITORS DURING ADMINISTRATION  

447B(1)   [ ASIC may apply]  

On the application of ASIC, the Court may make such order as it thinks necessary to protect the interests of a company's creditors while the company is under administration.

447B(2)   [ Creditor may apply]  

On the application of a creditor of a company, the Court may make such order as it thinks necessary to protect the creditor's interests while the company is under administration.

447B(3)   [ Order subject to conditions]  

An order may be made subject to conditions.


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