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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 302

Definitions

    In this Part:

"commencement day" means the day on which Part   1 of Schedule   2 to the Insolvency Law Reform Act 2016 commences.

"control" of the property of a corporation means:

  (a)   the receivership of that property; and

  (b)   the possession, or control, of that property for the purpose of enforcing a security interest;

and includes any functions or powers in connection with managing the corporation that may be performed or exercised by a receiver or other controller of that property.

"Insolvency Practice Schedule (Corporations)" means Schedule   2 to the Corporations Act 2001 , and includes rules made under section   105 - 1 of that Schedule.

"old Corporations Act" means the Corporations Act 2001 , as in force immediately before the commencement day, and includes regulations made under that Act as in force immediately before that day.


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