Document ID: chunk:federal_register_of_legislation:C2016A00011:clause:2_1583
Version: federal_register_of_legislation:C2016A00011
Segment Type: clause
Provision Reference: sch 2 cl 1583
Character Range: 511716–512348

1583  Old Act continues to apply in relation to any right of indemnity
 (1) This section applies if the remuneration of an external administrator of a company is fixed under section 449E of the old Act:
 (a) before the commencement day; or
 (b) on or after the commencement day (in accordance with a provision of this Division).
 (2) Despite the repeal of that section and the amendment of paragraph 443D(b) of the old Act by Schedule 2 to the Insolvency Law Reform Act 2016, the old Act continues to apply in relation to any right of indemnity that the external administrator has as if that repeal and amendment had not happened.