Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CORPORATIONS ACT 2001 - SECT 1618

Court powers to inquire into and make orders

Application of the Insolvency Practice Schedule (Corporations)

             (1)  Subsections (2) to (4) are for the avoidance of doubt.

             (2)  Sections 90- 5 and 90- 10 of the Insolvency Practice Schedule (Corporations) apply whether or not the information, report or document mentioned in subsections 90-5(2) and 90-10(4) was prepared before, on or after the commencement day.

             (3)  Paragraph 90-15(3)(f) of the Insolvency Practice Schedule (Corporations) applies whether or not the remuneration is paid or payable before, on or after the commencement day.

             (4)  Subsection 90-15(4) of the Insolvency Practice Schedule (Corporations) applies whether or not the action or failure to act occurred before, on or after the commencement day.

Old Act continues to apply for inquiries started under section 536

             (5)  Despite the repeal of section 536 of the old Act by Schedule 2 to the Insolvency Law Reform Act 2016 , that section continues to apply in relation to inquiries commenced by ASIC before the commencement day (including inquiries commenced because of the extension of section 536 by subsection 411(9) to persons appointed under the terms of a compromise or arrangement).

Application of new section 599

             (6)  Section 599 (as inserted by Schedule 2 to the Insolvency Law Reform Act 2016 ) applies whether or not the act, omission or decision occurred before, on or after the commencement day.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback