Document ID: chunk:federal_register_of_legislation:C2025C00185:section:435a
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 435A
Character Range: 1504057–1504691

435A  Object of Part
  The object of this Part, and Schedule 2 to the extent that it relates to this Part, is to provide for the business, property and affairs of an insolvent company to be administered in a way that:
 (a) maximises the chances of the company, or as much as possible of its business, continuing in existence; or
 (b) if it is not possible for the company or its business to continue in existence—results in a better return for the company's creditors and members than would result from an immediate winding up of the company.
Note: Schedule 2 contains additional rules about companies under external administration.