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

Schedule 1   Restructuring of a company

Part 2   Consequential amendments

Corporations Act 2001

50   Subsection 553(1B)

Repeal the subsection, substitute:

(1B) For the purposes of applying the other sections of this Division, the relevant date for the debt or claim is:

(a) if it is a debt or claim that is admissible to proof under paragraph (1A)(a) - the date on which the deed terminates; and

(b) if it is a debt or claim that is admissible to proof under paragraph (1A)(b) - the date on which the restructuring ends; and

(c) if it is a debt or claim that is admissible to proof under paragraph (1A)(c) - the date on which the plan terminates.