Contents

1............ Short title............................................................................................ 1

2............ Commencement.................................................................................. 2

3............ Schedule(s).......................................................................................... 3

Schedule 1--Improving outcomes for creditors                                                     4

Part 1--Enhancing protection of employee entitlements                                    4

Corporations Act 2001                                                                                               4

Superannuation Guarantee (Administration) Act 1992                                    11

Part 2--Better informing creditor decisions                                                          13

Corporations Act 2001                                                                                             13

Part 3--Streamlining external administration                                                        32

Corporations Act 2001                                                                                             32

Part 4--Facilitating pooling in external administration                                       56

Corporations Act 2001                                                                                             56

Schedule 2--Deterring corporate misconduct                                                      83

Australian Securities and Investments Commission Act 2001                          83

Corporations Act 2001                                                                                             83

Schedule 3--Improving regulation of insolvency practitioners                  90

Corporations Act 2001                                                                                             90

Schedule 4--Fine‑tuning voluntary administration                                            95

Part 1--General                                                                                     Â                          95

Corporations Act 2001                                                                                             95

Part 2--Rights to property during administration                                              109

Corporations Act 2001                                                                                           109

Part 3--Liquidation following administration                                                      117

Corporations Act 2001                                                                                           117

Schedule 5--Miscellaneous                                                                                          123

Australian Securities and Investments Commission Act 2001                        123

Corporations Act 2001                                                                                           123

Schedule 6--Transitional                                                                                                125

Corporations Act 2001                                                                                           125

 

 

 

Corporations Amendment (Insolvency) Act 2007

No. 132, 2007

 

An Act to amend the Corporations Act 2001, and for other purposes

[Assented to 20 August 2007]

The Parliament of Australia enacts:

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