CORPORATIONS ACT 2001 - SECT 1483 Schedule 4 to the amending Act (fine - tuning voluntary administration)

CORPORATIONS ACT 2001 - SECT 1483

  (1)   The amendments made by items   1, 5, 6, 7, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 39, 40, 45, 49, 51, 52, 53, 54, 55, 56, 57, 59, 60, 61 and 62 of Schedule   4 to the amending Act, in so far as they relate to a company under administration, apply if the administration begins on or after the day on which those items commence.

  (2)   The amendments made by items   2, 3 and 4 of Schedule   4 to the amending Act apply to an appointment of an administrator if the appointment is made on or after the day on which those items commence.

  (3)   The amendment made by item   8 of Schedule   4 to the amending Act applies to a transfer or alteration that occurs on or after the day on which that item commences.

  (4)   The amendments made by items   23, 24, 25, 26 and 28 of Schedule   4 to the amending Act, in so far as they apply to a company that is, or is proposed to be, subject to a deed of company arrangement, apply if the administration that ends, or is to end, on the execution of the deed, began on or after the day on which those items commence.

  (5)   The amendments made by items   27, 29, 30, 31, 32, 33, 34, 35, 36, 39, 40, 43, 44, 46, 55, 56 and 57 of Schedule   4 to the amending Act, in so far as they relate to a company subject to a deed of company arrangement, apply if the administration that ended on the execution of the deed began on or after the day on which those items commence.

  (6)   Items   37 and 38 of Schedule   4 to the amending Act apply in relation to a company if the winding up of the company begins on or after the day on which those items commence.

  (7)   The amendments made by items   41 and 42 of Schedule   4 to the amending Act apply in relation to a company subject to a deed arrangement if the administration that ended on the execution of the deed began on or after the day on which those items commence.

  (8)   The amendments made by items   63, 65, 66, 67, 69 and 70 of Schedule   4 to the amending Act, in so far as they relate to the winding up of a company, apply if the relevant date is on or after the day on which those items commence.

  (9)   Section   440BA, in so far as it relates to a company under administration, applies if the administration begins on or after the day on which that section commences.

Note:   Section   440BA was repealed by the Personal Property Securities (Corporations and Other Amendments) Act 2010 , and was replaced with a new section   440B incorporating the same substantive rules. Section   1507 preserves the operation of this subsection.

  (10)   Section   440BB does not apply to distress for rent that began to be carried out before the day on which that section commences.

Note:   Section   440BB was repealed by the Personal Property Securities (Corporations and Other Amendments) Act 2010 , and was replaced with a new section   440B incorporating the same substantive rules. Section   1507 preserves the operation of this subsection.

  (11)   Subsections   442C(7) and (8), in so far as they relate to a company under administration, apply if the administration begins on or after the day on which those subsections commence.

  (12)   Subsections   442C(7) and (8), in so far as they relate to a company subject to a deed of company arrangement, apply if the administration that ended on the execution of the deed began on or after the day on which those subsections commence.

  (13)   Section   446C applies in relation to a company as follows:

  (a)   if the company was under administration immediately before the liquidation time referred to in that section--the administration begins on or after the day on which that section commences;

  (b)   if the company was subject to a deed of company arrangement immediately before the liquidation time referred to in that section--the administration that ended on the execution of the deed began on or after the day on which that section commences.

  (14)   Subsection   588FE(2A) applies in relation to a company if the administration referred to paragraph   588FE(2A)(b) begins on or after the day on which that subsection commences.

  (15)   Subsection   588FE(2B) applies in relation to a company if the administration that ended on the execution of the deed of company arrangement referred to in paragraph   588FE(2B)(b) began on or after the day on which that subsection commences.