Corporations Act 2001
Note: See section 600K .PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS Division 60 - Remuneration and other benefits received by external administrators Subdivision B - Remuneration of external administrators - general rules CLAUSE 60-11 REVIEW OF REMUNERATION DETERMINATIONS Review on application 60-11(1)
Any of the following may apply to the Court for a review of a remuneration determination for an external administrator of a company:
(b) a person with a financial interest in the external administration of the company;
(c) an officer of the company. 60-11(2)
Paragraph (1)(c) has effect despite section 198G .
Note: Section 198G deals with powers of officers etc. while a company is under external administration.60-11(3)
On application under subsection (1), the Court may, if it considers it appropriate to do so, review the remuneration determination.
Note: See also section 60-12 (matters to which the Court must have regard).Court must affirm, vary or set aside remuneration determination 60-11(4)
After reviewing the remuneration determination, the Court must:
(a) affirm the remuneration determination; or
(b) vary the remuneration determination; or
(c) set aside the remuneration determination and substitute another remuneration determination. Exception 60-11(5)
Subsection (1) does not apply to a remuneration determination made by the Court.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.