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CORPORATIONS ACT 2001 - SECT 1579
Application of Part 3 of the Insolvency Practice Schedule (Corporations)--general rules
New external administrations
(1) Part 3 of the Insolvency Practice Schedule
(Corporations) applies in relation to a new external administration of a
company.
Ongoing external administrations
(2) Part 3 of the Insolvency Practice Schedule
(Corporations) applies in relation to an ongoing external administration of a
company in accordance with this Division.
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