Corporations Act 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

Note: See section 600K .

PART 1 - INTRODUCTION  

Division 5 - Definitions  

Subdivision C - Other definitions  

CLAUSE 5-15  

5-15   MEANING OF EXTERNAL ADMINISTRATION OF A COMPANY  

A company is taken to be under external administration if:

(a) the company is under administration; or

(b) a deed of company arrangement has been entered into in relation to the company; or

(ba) the company is under restructuring; or

(bb) a restructuring plan has been made in relation to the company; or

(c) a liquidator has been appointed in relation to the company; or

(d) a provisional liquidator has been appointed in relation to the company.

Note: A company is not under external administration for the purposes of this Schedule merely because a receiver, receiver and manager, or other controller has been appointed in relation to property of the company.