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CORPORATIONS ACT 2001 - SECT 1607 Application of Division 80 of the Insolvency Practice Schedule (Corporations)--general rules

CORPORATIONS ACT 2001 - SECT 1607

Application of Division 80 of the Insolvency Practice Schedule (Corporations)--general rules

  (1)   Division   80 of the Insolvency Practice Schedule (Corporations) applies in relation to a committee of inspection for an ongoing external administration of a company:

  (a)   that is appointed under that Division on or after the commencement day; or

  (b)   that is appointed under a provision of the old Act but is taken to be a committee of inspection under subsection   1608(2) of this Subdivision.

  (2)   However, Division   80 of the Insolvency Practice Schedule (Corporations) does not apply in relation to meetings of, or related to, the committee of inspection convened or held before the commencement day.

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