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

Schedule 3   Simplified liquidation

Corporations Regulations 2001

21   In the appropriate position in Chapter 10

Insert:

Part 10.43 - Application provisions relating to simplified liquidation process under the Corporations Amendment (Corporate Insolvency Reforms) Regulations 2020

10.43.01 Application of amendments relating to the simplified liquidation process

(1) The amendments made by Schedule 3 to the Corporations Amendment (Corporate Insolvency Reforms) Regulations 2020 apply in relation to the winding up of a company because of a triggering event that occurs on or after the commencement of that Schedule.

(2) In this regulation:

triggering event has the same meaning as in section 489F of the Act (as in force on the commencement of Schedule 3 to the Corporations Amendment (Corporate Insolvency Reforms) Regulations 2020).