CORPORATIONS ACT 2001 - SECT 1588 Paying money into administration account

CORPORATIONS ACT 2001 - SECT 1588

Application of the Insolvency Practice Schedule (Corporations)

  (1)   Sections   65 - 5 and 65 - 15 of the Insolvency Practice Schedule (Corporations) do not apply in relation to money received before the commencement day.

Old regulations continue to apply to money received before commencement

  (2)   Paragraph   5.6.06(1)(b) of the old regulations continues to apply in relation to money received before the commencement day.