Corporations Act 2001
Despite the repeal of sections 449E and 473 and the repeal and substitution of subsections 499(3) to (7) of the old Act by Schedule 2 to the Insolvency Law Reform Act 2016 , the old Act continues to apply in relation to the remuneration of an external administrator of a company who is appointed before the commencement day. 1581(2)
Despite subsection (1), if, under Subdivision F of this Division, Division 75 of the Insolvency Practice Schedule (Corporations) rather than the old Act would apply to a meeting that deals with the remuneration of an external administrator of a company who is appointed before the commencement day, Division 75 of the Insolvency Practice Schedule (Corporations) applies to that meeting.
[ CCH Note: Regulation Sch 13, item  (which was effective 1 March 2017) provides that s 1581 is amended as follows:
1581 Old Act continues to apply in relation to remuneration for administrators already appointed or appointed during transition period
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