Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1602
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1602
Character Range: 6104046–6105047

1602  External administrator must convene meetings in certain circumstances

Application of the Insolvency Practice Schedule (Corporations)
 (1) Section 75‑15 of the Insolvency Practice Schedule (Corporations) does not apply in relation to:
 (a) directions given before the commencement day; or
 (b) resolutions passed before the commencement day.

Old Act continues to apply in relation to resolutions for voluntary winding up passed before commencement day
 (2) Despite their repeal by Schedule 2 to the Insolvency Law Reform Act 2016:
 (a) sections 497 and 498 of the old Act continue to apply on and after the commencement day in relation to a resolution for voluntary winding up that is passed before the commencement day; and
 (b) subsection 477(4) of the old Act continues to apply on and after the commencement day if a meeting of creditors has not been held under section 497 of the old Act in relation to a voluntary winding up a resolution for which is passed before the commencement day.