447B
In forceOrders to protect creditors during administration
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 5External administration
Part 5.3AAdministration of a company’s affairs with a view to executing a deed of company arrangement
Division 13Powers of Court
447B Orders to protect creditors during administration
(1)
On the application of ASIC, the Court may make such order as it thinks necessary to protect the interests of a company’s creditors while the company is under administration.
(2)
On the application of a creditor of a company, the Court may make such order as it thinks necessary to protect the creditor’s interests while the company is under administration.
(3)
An order may be made subject to conditions.
This Act’s bill:Explanatory memorandumSecond reading speech
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