448B
In forceAdministrator must be registered liquidator
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 14Qualifications of administrators
448B Administrator must be registered liquidator
(1)
A person must not consent to be appointed, and must not act, as administrator of a company or of a deed of company arrangement.
(2)
Subsection (1) does not apply if the person is a registered liquidator.
Note:
A defendant bears an evidential burden in relation to the matter in subsection (2), see subsection 13.3(3) of the Criminal Code.
(3)
An offence based on subsection (1) is an offence of strict liability.
Note:
For strict liability, see section 6.1 of the Criminal Code.
This Act’s bill:Explanatory memorandumSecond reading speech
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