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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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“Definitions for managing groups of related companies together”

In this part of the law, you’ll learn about some special terms used when talking about groups of companies being managed together.

A ‘pool’ is a group of related companies that are being managed together under one order. The person managing this group is called a ‘pool administrator’. Any company that’s part of this group is called a ‘pool company’.

When talking about managing a pool of companies, some words mean slightly different things. An ‘administrator’ can also mean a pool administrator. ‘Company’ can mean a whole pool of companies. A ‘deed administrator’ can be someone managing an agreement for a pool of companies. And a ‘deed of company administration’ can be an agreement made for a pool of companies.

These definitions help make sure everyone understands what’s being talked about when dealing with groups of companies being managed together.

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Next up: 239AER: Court may order single administration for related companies in administration

or “Court can combine management of related companies in financial trouble”
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Part 15A Voluntary administration
Single administration of related companies in administration

239AEQInterpretation of terms for purposes of this subpart

  1. In this subpart,—

    pool means a pool of related companies in a single administration under a single administration order made under section 239AER

      pool administrator means the administrator of a pool

        pool company means a company in respect of which a single administration order has been made under section 239AER.

        1. For the purposes of the single administration of a pool, in this Part, unless the context indicates otherwise,—

          administrator includes a pool administrator

            company includes a pool

              deed administrator includes the deed administrator of a deed of company administration executed by a pool

                deed of company administration includes a deed of company administration executed under section 239AEW.

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