Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1587

Administration account

                   If, immediately before the commencement day, a person has a liquidator's general account in relation to the external administration of:

                     (a)  a company; or

                     (b)  a company in a pooled group;

the account is taken on and after the commencement day to be an administration account for the company for the purposes of section 65- 5 of the Insolvency Practice Schedule (Corporations).



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