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239AEN: Rights under netting agreement not affected by commencement of administration
or “Netting agreements remain valid when a company enters administration”
You could also call this:

“Recognising a clearing house applies rules from other sections”

If someone is declared a recognised clearing house under section 310K, they are also considered a recognised clearing house for sections 239AEI to 239AEP. This means that the rules in those sections apply to them too. It’s like getting a special badge that makes you part of a specific group, and that badge lets you follow certain rules.

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Next up: 239AEP: Transactions under recognised multilateral netting agreement not affected by variation or revocation of declaration under section 310K

or “Changes to special agreements don't affect earlier transactions under recognised multi-party agreements”
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Part 15A Voluntary administration
Set-off and netting agreements

239AEOEffect of declaration of person as recognised clearing house under section 310K

  1. A person who is declared a recognised clearing house under section 310K is deemed to be a recognised clearing house for the purposes of sections 239AEI to 239AEP also.

Notes
  • Section 239AEO: inserted, on , by section 6 of the Companies Amendment Act 2006 (2006 No 56).