451C
In forceEffect of things done during administration of company
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 17Miscellaneous
451C Effect of things done during administration of company
A payment made, transaction entered into, or any other act or thing done, in good faith, by, or with the consent of, the administrator of a company under administration:
(a)
is valid and effectual for the purposes of this Act; and
(b)
is not liable to be set aside in a winding up of the company.
This Act’s bill:Explanatory memorandumSecond reading speech
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