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

Schedule 3   Simplified liquidation

Corporations Regulations 2001

5   After subregulation 5.6.39(1)

Insert:

Companies subject to the simplified liquidation process

(1A) Subregulation (1) does not apply in relation to a liquidator of a company that is subject to the simplified liquidation process.

(1B) A liquidator of a company that is subject to the simplified liquidation process must fix a single day that is 14 days after the day on which notice is given in accordance with subregulation (2), on or before which a creditor may submit particulars of his or her debt or claim.