Commonwealth Numbered Acts

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

CORPORATIONS ACT 2001 No. 50, 2001 - SECT 436F

Functions of committee of creditors

(1) The functions of a committee of creditors of a company under administration are:

(a)
to consult with the administrator about matters relating to the administration; and

(b)
to receive and consider reports by the administrator.

(2) A committee cannot give directions to the administrator, except as provided in subsection (3). (3) As and when a committee reasonably requires, the administrator must report to the committee about matters relating to the administration.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback