Corporations Amendment (Corporate Insolvency Reforms) Act 2020 (130 of 2020)

Schedule 1   Restructuring of a company

Part 2   Consequential amendments

Corporations Act 2001

20   At the end of subsection 95A(2)

Insert:

Note: A company is taken to be insolvent if the company proposes a restructuring plan to creditors (see subsection 455A(2)).