Document ID: chunk:federal_register_of_legislation:C2025C00135:section:165a
Version: federal_register_of_legislation:C2025C00135
Segment Type: section
Provision Reference: s 165A
Character Range: 257027–258053

165A  Effect on external administrator of judicial manager managing company
 (1) The appointment of an external administrator of a company is terminated when the judicial management of the company commences.
 (2) An external administrator of a company must not be appointed while the company is under judicial management.
 (3) If:
 (a) a person who ceased to be the external administrator of a company under subsection (1); or
 (b) a purported external administrator of a company appointed in contravention of subsection (2);
purports to act in relation to the company's business while the company is under judicial management, the purported act is invalid and of no effect.
 (4) As soon as possible after the Court orders the judicial management of a company and appoints a judicial manager, the judicial manager must inform the external administrator (if any) of the company that the company is under judicial management. However, failure to inform the external administrator does not affect the operation of this section.