Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1243a:p14
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1243A (pt 14/21)
Character Range: 5338230–5341515

ASIC under the Insolvency Practice Schedule (Corporations)
1573 Show‑cause notice under the Insolvency Practice Schedule (Corporations)
1574 Lifting or shortening suspension under the Insolvency Practice Schedule (Corporations)
1575 Action initiated by industry bodies
Subdivision G—Powers of the Court and other bodies
1576 Application of court powers under section 45‑1 of the Insolvency Practice Schedule (Corporations)
1577 Powers to deal with registration under the old Act on or after the commencement day
Division 3—Application of Part 3 of the Insolvency Practice Schedule (Corporations) and related consequential amendments
Subdivision A—Introduction
1578 Simplified outline of this Division
Subdivision B—General rules for Part 3
1579 Application of Part 3 of the Insolvency Practice Schedule (Corporations)—general rules
Subdivision C—Remuneration and other benefits received by external administrators
1580 Application of Division 60 of the Insolvency Practice Schedule (Corporations)—general rule
1581 Old Act continues to apply in relation to remuneration for administrators already appointed
1582 Duties of administrators relating to remuneration and other benefits
1583 Old Act continues to apply in relation to any right of indemnity
1584 Application of new provisions about vacancies of court‑appointed liquidator
1585 Application of new provisions about exercise of powers while company under external administration
Subdivision D—Funds handling
1586 Application of Division 65 of the Insolvency Practice Schedule (Corporations)—general rule
1587 Administration account
1588 Paying money into administration account
1589 Paying money out of administration account
1590 Handling securities
Subdivision E—Information
1591 Application of Division 70 of the Insolvency Practice Schedule (Corporations)—general rule
1592 Accounts and administration returns
1593 Administration books
1594 Audit of administration books
1595 Transfer of administration books
1596 Retention and destruction of administration books
1597 Giving information to creditors etc.
1598 Commonwealth may request information
1599 Reporting to ASIC
1600 Old Act continues to apply in relation to notices to remedy default
Subdivision F—Meetings
1601 Application of Division 75 of the Insolvency Practice Schedule (Corporations)—general rule
1602 External administrator must convene meetings in certain circumstances
1603 Old Act continues to apply in relation to reporting for first year of administration
1604 Old Act continues to apply to the deregistration of companies
1605 Old Act continues to apply for certain meetings convened etc. before commencement day
1606 Outcome of voting at creditors' meeting determined by related entity or on casting vote—Court powers
Subdivision G—Committees of inspection
1607 Application of Division 80 of the Insolvency Practice Schedule (Corporations)—general rules
1608 Appointing committees of inspection
1609 Old Act continues to apply to certain reports by administrator
1610 Membership of continued committees
1611 Validity of appointment under section 548 of the old Act not affected by lack of separate meeting of contributories
1612 Continued application of directions by creditors or committees under the old Act
1613 Committee of inspection may request