CORPORATIONS ACT 2001 - SECT 1590 Handling securities

CORPORATIONS ACT 2001 - SECT 1590

Application of the Insolvency Practice Schedule (Corporations)

  (1)   Section   65 - 40 of the Insolvency Practice Schedule (Corporations) does not apply in relation to negotiable instruments and other securities received before the commencement day.

Old regulations continue to apply to money received before commencement

  (2)   Regulation   5.6.07 of the old regulations continues to apply in relation to bills, notes and other securities received before the commencement day.