Western Australian Current Acts Western Australian Current Acts (1) This section
applies if the Minister appoints an administrator to the Coordinator under
section 47ZQ(1)(b).
(2) The Minister may,
in the notice of appointment —
(a)
limit the functions or powers of the administrator; or
(b)
attach conditions to the appointment of the administrator.
(3) Subject to any
limits and conditions in its notice of appointment, an administrator, during
the administrator’s term of appointment and to the exclusion of any
other person —
(a) has
control of the Coordinator’s business, property and affairs; and
(b) may
carry on that business and manage that property and those affairs; and
(c) may
terminate or dispose of all or part of that business, and may dispose of any
of that property; and
(d) may
perform any function that the Coordinator or any of its officers could perform
if the administrator had not been appointed; and
(e) has
the other functions stated in the administrator’s notice of appointment.
(4) Nothing in
subsection (3) limits the generality of anything else in it.
(5) Subject to any
limits and conditions in its notice of appointment, the administrator has all
the powers it needs to perform its functions.
(6) When performing a
function the administrator is taken to be acting as the Coordinator’s
agent.
(7) The appointment of
an administrator under section 47ZQ(1)(b) ends by force of this subsection if
an administrator is appointed to the Coordinator under the Corporations Act
Part 5.3A.
(8) Regulations may
deal with any matter in relation to an administrator appointed under
section 47ZQ(1)(b).
[Section 47ZR inserted: No. 5 of 2019 s. 6.]