CORPORATIONS ACT 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

Note: See section 600K .

PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS  

Division 75 - Meetings  

CLAUSE 75-20   EXTERNAL ADMINISTRATOR MUST CONVENE MEETING IF REQUIRED BY ASIC  

75-20(1)  
ASIC may, in writing, direct an external administrator of a company to convene a meeting of the creditors.

75-20(2)  
ASIC may include in the direction requirements to be complied with by the external administrator in notifying the creditors of the meeting and in conducting the meeting.

75-20(3)  
The external administrator must comply with a direction given under subsection (1), and any requirements included in the direction under subsection (2).

75-20(4)  
A direction given under subsection (1) is not a legislative instrument.


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