Document ID: chunk:federal_register_of_legislation:C2024C00373:section:5:p7
Version: federal_register_of_legislation:C2024C00373
Segment Type: section
Provision Reference: s 5 (pt 7/7)
Character Range: 19454–20256

1973; or
 (c) the person, or a part of the person's business, is under judicial management under the Life Insurance Act 1995.
trigger event, for a close‑out netting contract, means an event of a kind mentioned in paragraph (a) of the definition of close‑out netting contract.
voidable: an action or thing is voidable in an external administration if it is:
 (a) for an external administration that is a winding up under the Corporations Act 2001—voidable under Division 2 of Part 5.7B of the Corporations Act 2001; or
 (b) for an external administration that is a bankruptcy under the Bankruptcy Act 1966—void as against the trustee in bankruptcy; or
 (c) in any other case—void as against the external administrator or any other person, or voidable under the law governing the external administration.