External administrator must convene meetings in certain circumstances
Application of the Insolvency Practice Schedule (Corporations) (1) Section 75‑15 of the Insolvency Practice Schedule (Corporations) does not apply in relation to: (a) directions given before the commencement day; or (b) resolutions passed before the commencement day. Old Act continues to apply in relation to resolutions for voluntary winding up passed before commencement day (2) Despite their repeal by Schedule 2 to the Insolvency Law Reform Act 2016: (a) sections 497 and 498 of the old Act continue to apply on and after the commencement day in relation to a resolution for voluntary winding up that is passed before the commencement day; and (b) subsection 477(4) of the old Act continues to apply on and after the commencement day if a meeting of creditors has not been held under section 497 of the old Act in relation to a voluntary winding up a resolution for which is passed 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.
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