Coronavirus Economic Response Package Omnibus Act 2020 (22 of 2020)

Schedule 12   Temporary relief for financially distressed individuals and businesses

Part 2   Amendments relating to businesses in financial distress

Corporations Regulations 2001

26   Before regulation 5.4.01

Insert:

5.4.01AA Temporary increase to the statutory minimum and statutory period

(1) For the purposes of paragraph (a) of the definition of statutory minimum in section 9 of the Act, the amount prescribed is $20,000.

(2) For the purposes of paragraph (a) of the definition of statutory period in section 9 of the Act, the period prescribed is 6 months.

(3) This regulation is repealed at the end of the period of 6 months starting on the day this regulation commences.