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 4 - The restructuring practitioner  

Subdivision C - Rights, obligations and liabilities in relation to the restructuring practitioner  

SECTION 456H  

456H   NO LIABILITY FOR CONSENT ETC.  

A person who is or has been the restructuring practitioner for a company under restructuring is not liable to an action or other proceeding for damages in respect of:

(a)    a decision to terminate, or not to terminate, the restructuring of a company under section 453J ; or

(b)    a decision to give, or refuse to give, an approval or consent under this Division.