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

Schedule 1   Restructuring of a company

Part 2   Consequential amendments

Corporations Act 2001

94   After Subdivision D of Division 60 of Schedule 2

Insert:

Subdivision DA - Remuneration of restructuring practitioners

60-18 Insolvency Practice Rules

(1) The Insolvency Practice Rules may provide for and in relation to the remuneration of:

(a) a restructuring practitioner for a company; and

(b) a restructuring practitioner for a restructuring plan.

(2) Without limiting subsection (1), the Insolvency Practice Rules may provide for the remuneration of a restructuring practitioner for a restructuring plan that has been made in relation to a company to be dealt with wholly or partly under the restructuring plan.