Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 449E

Remuneration of administrator

(1) The administrator of a company under administration, or of a deed of company arrangement, is entitled to:

such remuneration as is fixed by a resolution of the company's creditors passed at a meeting convened under section 439A, or under section 439A or 445F, as the case may be; or

if no remuneration is so fixed—such remuneration as the Court fixes on the application of the administrator.

(2) Where remuneration is fixed under paragraph (1)(a), the Court may, on the application of the administrator or of an officer, member or creditor of the company:

review the remuneration; and

confirm, increase or reduce it.

(3) Subsection (2) has effect despite section 437C.

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