Document ID: chunk:federal_register_of_legislation:C2004A03231:body:0:p68
Version: federal_register_of_legislation:C2004A03231
Segment Type: other
Provision Reference: 
Character Range: 170425–173208

for the purposes of section 441, to be an amount referred to in paragraph 441 (1) (g), or a retrenchment payment payable to the person, as the case may be"; and
     (e) by adding at the end the following sub-section:
    "(5) In this section, 'retrenchment amount', in relation to employment of a person, means an amount payable to the person, by virtue of an industrial instrument, in respect of termination of the employment.".

Debts of a class to rank equally
107. Section 444 of the Principal Act is amended—
     (a) by omitting "441 (a)" and substituting "441 (1) (a)"; and
     (b) by omitting "section 441" and substituting "sub-section 441 (1) ".

Advances in respect of wages, retrenchment payments and leave of absence
108. Section 445 of the Principal Act is amended by inserting ", or termination of employment," after "leave of absence".

Priority of employees' claims over floating charges
109. Section 446 of the Principal Act is amended—
     (a) by omitting from paragraph (a) "paragraphs 441 (e) and (g)" and substituting "paragraph 441 (1) (e), (g) or (ga)"; and

     (b) by omitting from paragraph (b) "441 (e) or (g)" and substituting "441 (1) (e), (g) or (ga)".

Provisions relating to injury compensation
110. Section 448 of the Principal Act is amended by omitting from sub-sections (1) and (2) "441(f)"and substituting "441 (1) (f)".

Priority where security given for payment of taxes
111. Section 449 of the Principal Act is amended by omitting "441(h)" and substituting "441 (1) (h)".

Prosecution of delinquent officers and members
112. Section 457 of the Principal Act is amended—
     (a) by omitting from sub-section (1) "is made" and substituting "has been made or lodged"; and
     (b) by omitting from sub-section (2) "a report to the Commission" and substituting "the making or lodging of a report".

Publication of name, &c., of recognised company or recognised foreign company
113. Section 509 of the Principal Act is amended—
     (a) by omitting from sub-section (1) "(other than a banking corporation)";
     (b) by inserting in paragraph (1) (a) ", except in the case of a recognised company or recognised foreign company that is a banking corporation," after "company and";
     (c) by inserting in paragraph (1) (b) "(other than a banking corporation)" after "foreign company";
     (d) by omitting from sub-section (2) "(other than a banking corporation)";
     (e) by omitting from sub-section (4) "on the outside of every office or place in the Territory in which its business is carried on, in a conspicuous position and in letters easily legible" and substituting ", in a conspicuous position and in letters easily legible, on the outside of the office or place that is its principal office in the Territory, and on the outside of