450C
In forceFailure to execute deed of company arrangement
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 16Notices about steps taken under Part
450C Failure to execute deed of company arrangement
As soon as practicable after a company contravenes subsection 444B(2), the deed’s administrator must:
(a)
lodge a notice that the company has failed to execute the instrument within the required period; and
(b)
send such a notice to each of the company’s creditors.
This Act’s bill:Explanatory memorandumSecond reading speech
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