THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 5 - EXTERNAL ADMINISTRATION

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

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History

Pt 5.3A inserted by No 210 of 1992, s 56 (effective 23 June 1993).

Division 13 - Powers of Court

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Heading inserted by No 210 of 1992, s 56 (effective 23 June 1993).

SECTION 447B   ORDERS TO PROTECT CREDITORS DURING ADMINISTRATION  

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447B(1)  [Commission may apply]  

On the application of the Commission, 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.

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S 447B(1) inserted by No 210 of 1992, s 56 (effective 23 June 1993).

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.

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S 447B(2) inserted by No 210 of 1992, s 56 (effective 23 June 1993).

447B(3)  [Order subject to conditions]  

An order may be made subject to conditions.

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History

S 447B(3) inserted by No 210 of 1992, s 56 (effective 23 June 1993).

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