Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CORPORATIONS ACT 2001 No. 50, 2001 - SECT 442D

Administrator's powers subject to powers of chargee, receiver etc.

(1) Where section 441A applies, the administrator's functions and powers are subject to the functions and powers of a person as:

(a)
the chargee; or

(b)
a receiver or person of a kind referred to in paragraph 441A(3)(b) (even if appointed after the decision period).

(2) Where section 441C applies, then, so far as concerns perishable property of the company, the administrator's functions and powers are subject to the functions and powers of a person as:

(a)
the chargee; or

(b)
a receiver or person appointed (at any time) as mentioned in paragraph (a), (b) or (d) of the definition of enforce in section 9.

(3) Where section 441B, 441F or 441G applies, then, so far as concerns the property referred to in subsection 441B(1), 441F(1) or 441G(1), the administrator's functions and powers are subject to the functions and powers of the chargee, receiver or other person.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback