Commonwealth Numbered Acts

CROSS-BORDER INSOLVENCY ACT 2008 (NO. 24, 2008)

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title  
   2.      Commencement  
   3.      Crown to be bound  
   4.      Application of Act  

   PART 2--MODEL LAW ON CROSS-BORDER INSOLVENCY

   5.      Definitions  
   6.      Model Law to have force of law in Australia  
   7.      References in Model Law to this State  
   8.      Identifying Australian laws relating to insolvency  
   9.      Entities that are not covered by the Model Law  
   10.     Courts competent to perform functions under Model Law  
   11.     Functions of the trustee (in bankruptcy proceedings) and the registered liquidator (in corporate insolvencies)  
   12.     Access of foreign creditors to Australian insolvency proceedings  
   13.     Application for recognition of foreign proceeding  
   14.     Subsequent information  
   15.     Relief that may be granted upon application for recognition of a foreign proceeding  
   16.     Effects of recognition of a foreign main proceeding  
   17.     Actions to avoid acts detrimental to creditors  
   18.     Forms of cooperation  
   19.     References to laws/law of this State and courts of this State  
   20.     Application  

   PART 3--INTERACTION WITH OTHER ACTS

   21.     Interaction with the Bankruptcy Act 1966  
   22.     Interaction with the Corporations Act 2001  

   PART 4--REGULATIONS

   23.     Regulations  
           SCHEDULE 1 Model Law on Cross-Border Insolvency of the United Nations Commission on International Trade Law