Corporations Amendment (Corporate Insolvency Reforms) Regulations 2020 (F2020L01654)

Schedule 2   Temporary relief for companies seeking a restructuring practitioner

Corporations Regulations 2001

2   Form 509H (note 2) of Schedule 2

Repeal the note, substitute:

2. The amount of the debt or, if there is more than one debt, the total of the amounts of the debts, must exceed the statutory minimum. The statutory minimum is $2,000 or a greater amount prescribed by the regulations. For a 7-month period in 2021, a greater amount of $20,000 is prescribed in relation to a company that is eligible for temporary restructuring relief (see the Corporations Amendment (Corporate Insolvency Reforms) Regulations 2020).