Document ID: chunk:federal_register_of_legislation:F2024C01249:clause:13_1592a
Version: federal_register_of_legislation:F2024C01249
Segment Type: clause
Provision Reference: sch 13 cl 1592A
Character Range: 2374439–2375535

1592A  Transitional rules for end of administration returns
 (1) Section 70‑6 of the Insolvency Practice Schedule (Corporations) applies in relation to external administrations that end on or after 1 September 2017.
 (2) Despite the repeal of the old return provisions by Schedule 2 to the Insolvency Law Reform Act 2016, those provisions continue to apply, in relation to an external administrator of a company, if the external administrator ceases to act as an external administrator for the company before 1 September 2017.
 (3) To avoid doubt, despite the repeal of the old return provisions by Schedule 2 to the Insolvency Law Reform Act 2016, audits may be continued in relation to accounts lodged under those provisions as if the old Act continued to apply.
 (4) In this section:
old return provisions means the following provisions of the old Act, as in force before their repeal by Schedule 2 to the Insolvency Law Reform Act 2016:
 (a) subsection 438E(2);
 (b) subsection 445J(2);
 (c) subsection 539(1), to the extent to which it relates to a liquidator ceasing to act as liquidator.