The Model Law has the force of law in Australia as if the Model Law referred to:
(a) the Bankruptcy Act 1966 ; and
(b) Chapter 5 (other than Parts 5.2 and 5.4A) of the Corporations Act 2001 , section 601CL of that Act and Schedule 2 to that Act;
wherever the Model Law provides that the laws of the enacting State relating to insolvency are to be identified.