Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1583

Old Act continues to apply in relation to any right of indemnity

             (1)  This section applies if the remuneration of an external administrator of a company is fixed under section 449E of the old Act:

                     (a)  before the commencement day; or

                     (b)  on or after the commencement day (in accordance with a provision of this Division).

             (2)  Despite the repeal of that section and the amendment of paragraph 443D(b) of the old Act by Schedule 2 to the Insolvency Law Reform Act 2016 , the old Act continues to apply in relation to any right of indemnity that the external administrator has as if that repeal and amendment had not happened.



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