New heading and new clauses 10AA to 10AAC
To insert the following heading and clauses after clause 10 (after line 9 on page 32):
Amendments to Corporations (Investigation and Management) Act 1989
10AA Amendments to Corporations (Investigation and Management) Act 1989
Sections 10AAB and 10AAC amend the Corporations (Investigation and Management) Act 1989.
10AAB Moratorium
(1) Section 42(8) is amended by omitting “payment”
in each place where it appears and substituting in each case “settlement”
.
(2) Section 42(9) is amended by omitting “156L”
and substituting “156M”
.
10AAC Statutory manager may suspend payment of money owing
Section 44(4) is amended by omitting “156R”
and substituting “156T”
.