Corporations Regulations 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.3B - RESTRUCTURING OF A COMPANY  

Division 3 - Restructuring plan  

Subdivision B - Proposing a restructuring plan  

REGULATION 5.3B.23   CREDITORS MAY CHANGE VOTE  

5.3B.23(1)    
This regulation applies if:

(a)    a company proposes to make a restructuring plan; and

(b)    an affected creditor of the company gave a statement under paragraph 5.3B.21(1)(b) in relation to the plan.

5.3B.23(2)    
At any time before the end of the acceptance period, the creditor may:

(a)    withdraw the statement; and

(b)    give a new statement under paragraph 5.3B.21(1)(b) in relation to the plan.

5.3B.23(3)    
A statement may be withdrawn, and a new statement may be given, more than once before the end of the acceptance period.

Definitions

5.3B.23(4)    
In this regulation:

acceptance period
has the same meaning as in subregulation 5.3B.21(3) .