CORPORATIONS ACT 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

Note: See section 600K .

PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS  

Division 85 - Directions by creditors  

CLAUSE 85-1   SIMPLIFIED OUTLINE OF THIS DIVISION  


The external administrator of a company must have regard to directions given to the administrator by the creditors of the company but is not obliged to comply with those directions.


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