This legislation has been repealed.
- As at 8 February 2007 - Act 45 of 2005 TABLE OF PROVISIONS Long Title PART 1 - PRELIMINARY 1. Name of Act 2. Commencement 3. Definitions 4. Extraterritorial operation of Act 5. Construction of legislation so as not to exceed the legislative power of Parliament 6. Act to bind State and other jurisdictions PART 2 - LIMITATIONS ON CORPORATE RESTRUCTURING Division 1 - Interpretation 7. Definitions Division 2 - Registered offices and Member Registers 8. Registered offices to be within the State 9. Member Register to be within the State 10. Orders to relocate registered office or Member Register to the State Division 3 - Transfers of shares by relevant companies 11. Certain transfers of shares in liable entities prohibited 12. Orders requiring transfer of shares back to relevant company Division 4 - Expiry of Part 13. Part expires when external administration period ends Division 5 - Displacement of Corporations legislation 14. Displacement of certain provisions of Corporations legislation PART 3 - EXTERNAL ADMINISTRATION OF LIABLE ENTITIES Division 1 - General 15. External administration period 16. External administration must be conducted under this Part Division 2 - Management of liable entities 17. Management during external administration period 18. Conduct of business during external administration period 19. Directions from Minister 20. Notification that liable entity under external administration 21. Liable entity may continue to trade while insolvent 22. Deregistration of liable entities Division 3 - Making and payment of claims 23. Claims payable only as permitted by this Division 24. Determination of whether sufficient funds 25. Payments during period of sufficient funds 26. Minister may apply to Supreme Court if insufficient funds Division 4 - Reporting requirements, information and assistance 27. External administration accounts 28. Inspection of books 29. Assistance from officers of liable entity Division 5 - Removal of directors of liable entities 30. Supreme Court may order removal of directors Division 6 - Enforcement 31. Meaning of "authorised applicant" 32. Enforcement of provisions of this Part 33. Advice or directions concerning provisions of this Part 34. Supreme Court may request non-NSW court or tribunal to act in its aid 35. Protection for exercise of certain functions during external administration period Division 7 - Displacement of Corporations legislation 36. Displacement of certain provisions of the Corporations Act PART 4 - MISCELLANEOUS 37. Exemption from State tax 38. Delegation 39. Service of documents 40. Offences by corporations 41. Nature of proceedings for offences 42. Regulations 43. Savings, transitional and other provisions 44. (Repealed) SCHEDULE 1 Schedule 2 (Repealed)