Commonwealth Numbered Acts

CORPORATE LAW REFORM ACT 1992 No. 210 of 1992 - SECT 112

112. Section 589 of the Corporations Law is amended:

   (a)  by omitting paragraph (1)(c) and substituting the following
        paragraphs:

"(ba) of which a provisional liquidator has been appointed;

   (c)  that is or has been under administration;

   (ca) that has executed a deed of company arrangement, even if the deed has
        since terminated;";

   (b)  by omitting from paragraph (2)(a) "4" and substituting "3";

   (c)  by omitting paragraph (b) of the definition of "appropriate officer"
        in subsection (5) and substituting the following paragraphs:

"(aa) in relation to a company of which a provisional liquidator has been
appointed - the provisional liquidator;

   (b)  in relation to a company that is or has been under administration -
        the administrator;

   (ba) in relation to a company that has executed a deed of company
        arrangement - the deed's administrator;";

   (d)  by omitting paragraph (a) of the definition of "relevant day" in
        subsection (5) and substituting the following paragraphs:

"(a) in relation to a company that has been wound up, has been in the course
of being wound up, or is being wound up:

        (i)    if, because of Division 1A of Part 5.6, the winding up is taken
               to have begun on the day when an order that the company be
               wound up was made - the application for the order was filed; or

        (ii)   otherwise - the winding up is taken because of Division 1A of
               Part 5.6 to have begun;

   (aa) in relation to a company of which a provisional liquidator has been
        appointed - the provisional liquidator was appointed;";

   (e)  by omitting paragraph (b) of the definition of "relevant day" in
        subsection (5) and substituting the following paragraphs:

"(b) in relation to a company that is or has been under administration - the
administration began;

   (ba) in relation to a company that has executed a deed of company
        arrangement - the deed was executed;".