Section 1508 — Corporations Act 2001 (Cth)

New subsection 442CB(1) (administrator’s duty of care)

The amendment of this Act by item 135 of Schedule 1 to the amending Act does not apply in relation to the exercise of a power of sale if the power began to be exercised before the commencement time.

Note: Item 135 of Schedule 1 to the amending Act repealed subsection 442CB(1) and substituted a new subsection.

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 1505 — Repeal of Chapter 2K (charges)—cessation of company registration requirements
s 1506 — Repeal of Chapter 2K (charges)—priority between registrable charges
s 1507 — New section 440B (restrictions on third party property rights)
s 1509 — New section 588FP (security interests in favour of an officer of a company etc. void)
s 1510 — Winding up applied for before the commencement time
s 1510A — Definition

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