Corporations Act 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.3B - RESTRUCTURING OF A COMPANY  

Note: This Part does not apply to a CCIV or a sub-fund of a CCIV: see Division 4 of Part 8B.6 .

Division 3 - Restructuring plan  

SECTION 455A   PROPOSING A RESTRUCTURING PLAN  

455A(1)    
A company may propose a restructuring plan to its creditors.

455A(2)    
The company is taken to be insolvent if the company does so.

455A(3)    
The regulations may prescribe the time at which the company is taken to have done so, for the purpose of determining when the company became insolvent under subsection (2) .