Corporations and Bankruptcy Legislation Amendment (Extending Temporary Relief for Financially Distressed Businesses and Individuals) Regulations 2020 (F2020L01191)

Schedule 1   Amendments

Corporations Regulations 2001

4   At the end of Chapter 5

Add:

Part 5.7B - Recovering property or compensation for the benefit of creditors of insolvent company

5.7B.01 Extension of temporary relief for insolvent trading safe harbour

For the purposes of subparagraph 588GAAA(1)(b)(ii) of the Act, the period prescribed is the period starting on the day that section 588GAAA of the Act commenced and ending at the end of 31 December 2020.