CTHIn ForceAct
Corporations (Repeals, Consequentials and Transitionals) Act 2001
10Companies Liquidation Account
Start here
Get a plain-English read of 10
Turn the raw legal text into a practical explanation grounded in Corporations (Repeals, Consequentials and Transitionals) Act 2001.
#### 10 Companies Liquidation Account
(1) In this section:
> relevant money means:
(a) money that, immediately before the Corporations Law commencement, stood to the credit of the Companies Liquidation Account established by section 428 of the Companies Act 1981; and
(b) money that, after the Corporations Law commencement, was or is paid into the Companies Liquidation Account under provisions of the Companies Act 1981 that were taken to continue in force after the Corporations Law commencement for the purposes of windings up started before that commencement.
(2) Relevant money is to be dealt with in accordance with section 427 of the Companies Act 1981.