Document ID: chunk:federal_register_of_legislation:C2016A00043:clause:1_19
Version: federal_register_of_legislation:C2016A00043
Segment Type: clause
Provision Reference: sch 1 cl 19
Character Range: 12409–13114

19  After paragraph 10(2)(e)
Insert:
 ; and (f) for an arrangement that is governed by the rules of a licensed CS facility as defined in section 761A of the Corporations Act 2001—a payment, or a transfer of property, by a party under the arrangement to discharge a net obligation is not to be void or voidable in the external administration; and
 (g) paragraphs (a) to (f) apply despite:
 (i) any disposal of rights that may be netted under the arrangement; or
 (ii) the creation of any encumbrance, or any other interest, in relation to those rights; or
 (iii) the operation of any encumbrance, or any other interest, in relation to those rights;
  in contravention of a prohibition in the arrangement.