CORPORATIONS ACT 2001 - SECT 1581 Old Act continues to apply in relation to remuneration for administrators already appointed
CORPORATIONS ACT 2001 - SECT 1581
Old Act continues to apply in relation to remuneration for administrators already appointed(1) 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.
(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.