Corporations Regulations 2001
SCHEDULE 8
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SCHEMES OF ARRANGEMENT UNDER PART 5.1 OF THE ACT
The statement must set out:
(a) the expected dividend that would be available to scheme creditors if the company were to be wound up within 6 months after the date of the hearing of the application to the Court for an order under subsections 411(1) and (1A) of the Act; and
(b) if a composition of debts is proposed - the expected dividend that would be paid to scheme creditors if the Scheme were put into effect as proposed; and
(c) a list of the names of all known scheme creditors and the debts owed to those creditors; and
(d) if a scheme creditor is known to be a guaranteed creditor - the name of the creditor and the amount of the debt owed; and
(e) if a scheme creditor is known to be an internal creditor - the name of the creditor and the amount of the debt owed.
(regulation 5.1.01 )
CHAPTER 5 - EXTERNAL ADMINISTRATION
PART 2 - PRESCRIBED INFORMATION RELATING TO PROPOSED COMPROMISE OR ARRANGEMENT WITH CREDITORS OR CLASS OF CREDITORS SECTION 8201. 8201.The statement must set out:
(a) the expected dividend that would be available to scheme creditors if the company were to be wound up within 6 months after the date of the hearing of the application to the Court for an order under subsections 411(1) and (1A) of the Act; and
(b) if a composition of debts is proposed - the expected dividend that would be paid to scheme creditors if the Scheme were put into effect as proposed; and
(c) a list of the names of all known scheme creditors and the debts owed to those creditors; and
(d) if a scheme creditor is known to be a guaranteed creditor - the name of the creditor and the amount of the debt owed; and
(e) if a scheme creditor is known to be an internal creditor - the name of the creditor and the amount of the debt owed.
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