Section 1581 — Corporations Act 2001 (Cth)

(1) Despite the repeal of sections 449E and 473 and the repeal and substitution of subsections 499(3) to (7) of the old Act by Schedule 2 to the Insolvency Law Reform Act 2016, the old Act continues to apply in relation to the remuneration of an external administrator of a company who is appointed before the commencement day.

(2) Despite subsection (1), if, under Subdivision F of this Division, Division 75 of the Insolvency Practice Schedule (Corporations) rather than the old Act would apply to a meeting that deals with the remuneration of an external administrator of a company who is appointed before the commencement day, Division 75 of the Insolvency Practice Schedule (Corporations) applies to that meeting.

Related sections

• s 1578 — Simplified outline of this Division
• s 1579 — Application of Part 3 of the Insolvency Practice Schedule (Corporations)—general rules
• s 1580 — Application of Division 60 of the Insolvency Practice Schedule (Corporations)—general rule
• s 1582 — Duties of administrators relating to remuneration and other benefits
• s 1583 — Old Act continues to apply in relation to any right of indemnity
• s 1584 — Application of new provisions about vacancies of court‑appointed liquidator

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