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

Schedule 1   Restructuring of a company

Part 2   Consequential amendments

Corporations Act 2001

31   After subsection 250PAB(3)

Insert:

(3A) The restructuring practitioner for a company under restructuring may lodge an application with ASIC to exempt the company from section 250N.

(3B) The restructuring practitioner for a restructuring plan for a company may lodge an application with ASIC to exempt the company from section 250N.