Document ID: chunk:federal_register_of_legislation:C2025C00185:section:579q
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 579Q
Character Range: 1959647–1960555

579Q  Eligible unsecured creditor
 (1) Subject to subsection (2), for the purposes of the application of this Division to a group of 2 or more companies, a creditor of a company in the group is an eligible unsecured creditor of that company if:
 (a) both:
 (i) the creditor's debt or claim is unsecured; and
 (ii) the creditor is not a company in the group; or
 (b) the creditor is specified in the regulations.
Note: For specification by class, see subsection 13(3) of the Legislation Act 2003.
 (2) The regulations may provide that, for the purposes of the application of this Division to a group of 2 or more companies, a specified creditor of a company in the group is not an eligible unsecured creditor of that company.
Note: For specification by class, see subsection 13(3) of the Legislation Act 2003.

Division 9—Co‑operation between Australian and foreign courts in external administration matters