Section 1583 — Corporations Act 2001 (Cth)

(1) This section applies if the remuneration of an external administrator of a company is fixed under section 449E of the old Act:

(a) before the commencement day; or

(b) on or after the commencement day (in accordance with a provision of this Division).

(2) Despite the repeal of that section and the amendment of paragraph 443D(b) of the old Act by Schedule 2 to the Insolvency Law Reform Act 2016, the old Act continues to apply in relation to any right of indemnity that the external administrator has as if that repeal and amendment had not happened.

Related sections

• s 1580 — Application of Division 60 of the Insolvency Practice Schedule (Corporations)—general rule
• s 1581 — Old Act continues to apply in relation to remuneration for administrators already appointed
• s 1582 — Duties of administrators relating to remuneration and other benefits
• s 1584 — Application of new provisions about vacancies of court‑appointed liquidator
• s 1585 — Application of new provisions about exercise of powers while company under external administration
• s 1586 — Application of Division 65 of the Insolvency Practice Schedule (Corporations)—general rule

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