Document ID: chunk:federal_register_of_legislation:C2010C00237:clause:3_71
Version: federal_register_of_legislation:C2010C00237
Segment Type: clause
Provision Reference: sch 3 cl 71
Character Range: 72603–73727

71  Grounds for special administration
Section 487‑5 of the new Act applies in relation to a transitional corporation as if:
 (a) the reference in subparagraph (1)(b)(i) of that section to the new Act included a reference to this Schedule; and
 (b) the reference in subparagraph (1)(b)(ii) of that section to an internal governance rule of the corporation included a reference to the corporation's Rules; and
 (c) the reference in subparagraph (1)(b)(iii) of that section to section 439‑20 of the new Act included a reference to section 60A of the old Act; and
 (d) the reference in paragraph (1)(c) of that section to Part 7‑3 of the new Act included a reference to:
 (i) subsections 59(2) to (9) of the old Act; and
 (ii) Division 10 or 11 of this Part.

Note: The operation of section 487‑5 of the new Act is also extended by item 6. That item, for example, treats the reference in paragraph 487‑5(1)(b) of the new Act to a failure to comply with a provision of the new Act as including a reference to a failure to comply with a provision of old Act (see item 6 and paragraph (2)(f) of item 1).

Division 15—Winding up