Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1567

Matters which the Board refuses to deal with before the commencement day

  (1)   This section applies if:

  (a)   an application has been made under section   1292 of the old Act in relation to a person before the commencement day; and

  (b)   before the commencement day, the Board has decided to refuse to:

  (i)   make an order in response to the application under subsection   1292(2), (3), (4), (5), (6) or (7); or

  (ii)   deal with the person under subsection   1292(9) in response to the application; or

  (iii)   convene a conference in relation to the application under section   1294A.

  (2)   The old Act continues to apply in relation to the decision to refuse to make the order under subsection   1292(2), (3), (4), (5), (6) or (7), deal with the matter under subsection   1292(9) in response to the application or convene a conference under section   1294A.

  (3)   The same matter may not be dealt with under Division   40 of the Insolvency Practice Schedule (Corporations).


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