Document ID: chunk:federal_register_of_legislation:C2016A00011:schedule:2:p4
Version: federal_register_of_legislation:C2016A00011
Segment Type: schedule
Provision Reference: sch 2 (pt 4/71)
Character Range: 229456–232131

the current conditions imposed on a registered liquidator do not include:
 (a) a condition that a committee has decided to remove under section 20‑55; or
 (b) a condition that is removed under subsection 40‑15(4) (condition removed because a direction not to accept further appointments has been withdrawn); or
 (c) a condition that the Court has ordered be removed under section 45‑1.

5‑15  Meaning of external administration of a company
  A company is taken to be under external administration if:
 (a) the company is under administration; or
 (b) a deed of company arrangement has been entered into in relation to the company; or
 (c) a liquidator has been appointed in relation to the company; or
 (d) a provisional liquidator has been appointed in relation to the company.
Note: A company is not under external administration for the purposes of this Schedule merely because a receiver, receiver and manager, or other controller has been appointed in relation to property of the company.

5‑20  Meaning of external administrator of a company
  A person is an external administrator of a company if the person is:
 (a) the administrator of the company; or
 (b) the administrator under a deed of company arrangement that has been entered into in relation to the company; or
 (c) the liquidator of the company; or
 (d) the provisional liquidator of the company.
Note: A person is not an external administrator of a company for the purposes of this Schedule merely because the person has been appointed as a receiver, receiver and manager, or controller in relation to property of the company.

5‑25  References to the external administrator of a company
  A reference in this Schedule to the external administrator of a company is to be read:
 (a) in relation to a company in respect of which there are 2 or more joint external administrators—as a reference to all of the external administrators; and
 (b) in relation to a company in respect of which there are 2 or more joint and several external administrators—as a reference to all of the external administrators or any one or more of the external administrators.

5‑26  Property of a company
  The property of a company includes any PPSA retention of title property of the company.
Note: See sections 9 (definition of property) and 51F (PPSA retention of title property).

5‑27  Meaning of pooled group
  If:
 (a) a pooling determination is in force in relation to a group of 2 or more companies; or
 (b) a pooling order is in force in relation to a group of 2 or more companies;
then:
 (c) the companies are together a pooled group; and
 (d) each of the companies is a member of the pooled group.

5‑30  Persons with