CTHIn ForceAct
Insolvency Law Reform Act 2016
73Section 9 (at the end of paragraph (b) of the definition of insolvent under administration)
Start here
Get a plain-English read of 73
Turn the raw legal text into a practical explanation grounded in Insolvency Law Reform Act 2016.
73 Section 9 (at the end of paragraph (b) of the definition of insolvent under administration)
74 Section 9 (definition of insolvent under administration)
Omit “and includes:”.
75 Section 9 (at the end of the definition of insolvent under administration)
Add:
; or (e) a person who is a party (as a debtor) to a debt agreement under:
(i) Part IX of the Bankruptcy Act 1966; or
(ii) the corresponding provisions of the law of an external Territory or the law of a foreign country.
76 Section 9 (definition of official liquidator)
77 Section 9 (at the end of the definition of property)
Add:
; and (i) in Schedule 2 (the Insolvency Practice Schedule)—has a meaning affected by section 5‑26 of that Schedule.
78 Section 9 (definition of registered liquidator)
registered liquidator has the same meaning as in section 5‑5 of Schedule 2.
79 Section 9 (definition of resolution)
After “resolution,”, insert “when used in a provision outside Schedule 2”.
80 Section 9 (definition of special resolution)
After “resolution”, insert “, when used in a provision outside Schedule 2”.
81 Section 9 (at the end of the definition of this Act)
Add “and the Insolvency Practice Rules”.
82 Subsection 57A(3) (note)
Omit “1309(6), 1318(5), 1321(2)”, substitute “599(2), 1309(6), 1318(5)”.