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 17 - Miscellaneous  

SECTION 451C   451C   EFFECT OF THINGS DONE DURING ADMINISTRATION OF COMPANY  
A payment made, transaction entered into, or any other act or thing done, in good faith, by, or with the consent of, the administrator of a company under administration:


(a) is valid and effectual for the purposes of this Act; and


(b) is not liable to be set aside in a winding up of the company.


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