List contract rights stayed while a company is under administration
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- From each contract made before the administration began, quote any clause that confers a right by reason of administration, insolvency, or the company's financial position, with the clause number. List contracts made after the administration began in a separate list. Do not say the right is stayed.
- What the lawyer must review
- Decide which rights section 451E stays, for how long, and which fall outside it. Read Subdivision B of Division 7 before treating a secured creditor as stayed. Sections 415D and 434J were not opened and are not used.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | From each contract made before the administration began, quote any clause that confers a right by reason of administration, insolvency, or the company's financial position, with the clause number. List contracts made after the administration began in a separate list. Do not say the right is stayed. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Separate contracts made after administration began. Subsection (5)(a) takes those rights outside the stay.
- Do not treat a secured creditor as stayed until Subdivision B of Division 7 has been read.
- Record any written consent of the administrator or of a later liquidator.
- Do not apply sections 415D or 434J. They were not opened.
Sources
- Corporations Act 2001 (Cth) section 451E (AustLII) · 2026-10-22
These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.