Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 451B

Appointment of 2 or more administrators of deed of company arrangement

             (1)  Where a provision of this Act provides for an administrator of a deed of company arrangement to be appointed, 2 or more persons may be appointed as administrators of the deed.

             (2)  Where, because of subsection (1), there are 2 or more administrators of a deed of company arrangement:

                     (a)  a function or power of an administrator of the deed may be performed or exercised by any one of them, or by any 2 or more of them together, except so far as the deed, or the resolution or instrument appointing them, otherwise provides; and

                     (b)  a reference in this Act to an administrator, or to the administrator, of a deed of company arrangement is, in the case of the first-mentioned deed, a reference to whichever one or more of those administrators the case requires.



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