CORPORATIONS ACT 2001 - SECT 447B Orders to protect creditors during administration
CORPORATIONS ACT 2001 - SECT 447B
Orders to protect creditors during administration(1) On the application of ASIC, the Court may make such order as it thinks necessary to protect the interests of a company's creditors while the company is under administration.
(2) On the application of a creditor of a company, the Court may make such order as it thinks necessary to protect the creditor's interests while the company is under administration.
(3) An order may be made subject to conditions.