Document ID: chunk:federal_register_of_legislation:C2020A00130:clause:1_112
Version: federal_register_of_legislation:C2020A00130
Segment Type: clause
Provision Reference: sch 1 cl 112
Character Range: 114874–115483

112  Section 5 (definition of external administrator)
Repeal the definition, substitute:
external administrator, for a person who goes into external administration, is:
 (a) if, within the meaning of the Corporations Act 2001, the person is a company that is under restructuring or that has made a restructuring plan that has not yet terminated—the restructuring practitioner (within the meaning of that Act) for the company or for the plan; and
 (b) otherwise—the person who takes control of the property, part of the property, the business, or part of the business, of the person under the administration.