Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The actions referred to for the purposes of paragraph 1 of Article 23 of the Model Law (as it has the force of law in Australia) are actions arising under or because of:
(a) section 120, 121, 121A, 122, 128B or 128C or Division 4A of Part VI of the Bankruptcy Act 1966 ; or
(b) Division 2 of Part 5.7B of the Corporations Act 2001 .
(2) A provision referred to in paragraph ( 1)(a) or (b) applies, with appropriate changes, in relation to an action for the purposes of a foreign proceeding in the same way it would apply if the action were for the purposes of a proceeding in relation to:
(a) a bankrupt (within the meaning of subsection 5(1) of the Bankruptcy Act 1966 ); or
(b) a company (within the meaning of section 9 of the Corporations Act 2001 );
as the case requires.