Section 1588 — Corporations Act 2001 (Cth)

Paying money into administration account

Application of the Insolvency Practice Schedule (Corporations)

(1) Sections 65‑5 and 65‑15 of the Insolvency Practice Schedule (Corporations) do not apply in relation to money received before the commencement day.

Old regulations continue to apply to money received before commencement

(2) Paragraph 5.6.06(1)(b) of the old regulations continues to apply in relation to money received before the commencement day.

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 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
s 1587 — Administration account
s 1589 — Paying money out of administration account
s 1590 — Handling securities
s 1591 — Application of Division 70 of the Insolvency Practice Schedule (Corporations)—general rule

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