Document ID: chunk:federal_register_of_legislation:C2025C00157:section:62zoz
Version: federal_register_of_legislation:C2025C00157
Segment Type: section
Provision Reference: s 62ZOZ
Character Range: 273661–274202

62ZOZ  Costs of statutory management
 (1) APRA's costs (including costs in the nature of remuneration and expenses) of being in control of a body corporate's business, or of having an administrator in control of a body corporate's business, are payable from the body corporate's funds and are a debt due to APRA.
 (2) Despite anything contained in any law relating to the winding‑up of companies, debts due to APRA by a body corporate under subsection (1) have priority in a winding‑up of the body corporate over all other unsecured debts.