Australian Capital Territory Numbered Regulations

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CORPORATIONS RULES 2001 (2001 NO 22) - REG 58

Security given by special manager (the Act, s 484)

    (1)     The court may, from time to time, direct that the amount of security given by a special manager be varied.

    (2)     Unless the court otherwise directs, the costs of providing the security given by a special manager in relation to a particular winding-up—

        (a)     are the personal expenses of the special manager; and

        (b)     must not be charged against the property of the company as an expense incurred in the winding-up.



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