Document ID: chunk:federal_register_of_legislation:C2010C00237:clause:3_92
Version: federal_register_of_legislation:C2010C00237
Segment Type: clause
Provision Reference: sch 3 cl 92
Character Range: 98973–100259

92  Administrator's remuneration

(1) This item applies if a person is taken, under subitem 89(3), to have been appointed as a special administrator for a transitional corporation.

(2) If, immediately before commencement, a determination by the ACA Registrar of the person's remuneration as Administrator was in force under subsection 74(1) of the old Act, the determination continues in force after commencement as if it were a determination by the CATSI Registrar of the person's remuneration as special administrator for the transitional corporation under subsection 511‑1(1) of the new Act.

(3) If, immediately before commencement, a direction by the ACA Registrar in relation to the person's remuneration, charges or expenses was in force under subsection 74(2) of the old Act, the direction continues in force after commencement as if it were a direction by the CATSI Registrar in relation to the person's remuneration, charges or expenses as a special administrator for the transitional corporation under subsection 511‑1(4) of the new Act.

(4) Subitem (3) has effect only to the extent to which the direction provides for the person's remuneration, charges or expenses to be borne by, or charged on the property of, the transitional corporation or a related body corporate.