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CORPORATIONS ACT 2001 - SECT 1583 Old Act continues to apply in relation to any right of indemnity

CORPORATIONS ACT 2001 - SECT 1583

Old Act continues to apply in relation to any right of indemnity

  (1)   This section applies if the remuneration of an external administrator of a company is fixed under section   449E of the old Act:

  (a)   before the commencement day; or

  (b)   on or after the commencement day (in accordance with a provision of this Division).

  (2)   Despite the repeal of that section and the amendment of paragraph   443D(b) of the old Act by Schedule   2 to the Insolvency Law Reform Act 2016 , the old Act continues to apply in relation to any right of indemnity that the external administrator has as if that repeal and amendment had not happened.

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