Corporations Regulations 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.3B - RESTRUCTURING OF A COMPANY  

Division 5 - Information, reports, documents etc.  

Subdivision B - Information, reports, documents etc. during restructuring  

REGULATION 5.3B.53  

5.3B.53   NOTICE OF END OF RESTRUCTURING  

If the restructuring of a company ends because of the happening of an event mentioned in subregulation 5.3B.02(1), the person who was the restructuring practitioner for the company immediately before the restructuring ended must, within 2 business days after the day on which the event happens:

(a)    lodge with ASIC notice in the prescribed form (if any) of:

(i) the ending of the restructuring; and

(ii) the reason for the ending; and

(b)    give a copy of the notice to as many of the company ' s creditors as reasonably practicable.

Note: Failure to comply with this subregulation is an offence: see subsection 1311(1) of the Act.