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StatuteCorporations Act 2001

Section 1583 — Corporations Act 2001: Old Act continues to apply in relation to any right of indemnity

Text of the provision Official document

(1) This section applies if the remuneration of an external administrator of a company is fixed under section 449E of the old Act: (a) before the commencement day; or (b) on or after the commencement day (in accordance with a provision of this Division). (2) Despite the repeal of that section and the amendment of paragraph 443D(b) of the old Act by Schedule 2 to the Insolvency Law Reform Act 2016, the old Act continues to apply in relation to any right of indemnity that the external administrator has as if that repeal and amendment had not happened.

Official source: Federal Register of Legislation

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Statutory text from an official public source. Informational content — does not replace advice from a qualified legal practitioner.