Corporations Regulations 2001
View history note
Hide history noteFor the purposes of paragraph 453A(b) of the Act, the restructuring of a company ends if: (a) the company makes a declaration under subregulation (2) ; or (b) the company fails to propose a restructuring plan within the proposal period; or (c) the company ' s proposal to make a restructuring plan lapses under regulation 5.3B.20 ; or (d) the restructuring practitioner for the company terminates the restructuring under section 453J of the Act; or (e) the Court orders that the restructuring of the company is to end; or (f) an administrator of the company is appointed under section 436A , 436B or 436C of the Act; or (g) a liquidator or provisional liquidator of the company is appointed; or
(h) (Repealed)
(i) (Repealed) (j) the company makes a restructuring plan.
5.3B.02(2)
The directors of a company under restructuring: (a) may make a declaration in writing that the restructuring of the company is to end on a specified day for any reason; and (b) must give a copy of the declaration to:
(i) the company ' s restructuring practitioner; and
(ii) the company ' s creditors;
before the day specified in the declaration.
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