Corporations Regulations 2001
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Hide history noteThe functions of the restructuring practitioner for a company ' s restructuring plan are: (a) to receive money from, and hold money on trust for, the company; and (b) to pay the money to creditors in accordance with the plan; and (c) if requested to do so by the company ' s directors:
(i) to realise the property of the company that is available to pay creditors in accordance with the plan; and
(d) to answer questions about the performance or exercise of any of the restructuring practitioner ' s functions and powers as restructuring practitioner for the plan; and (e) to do anything that is incidental to the performance or exercise of those functions and powers; and (f) to do anything else that is necessary or convenient for the purpose of administering the plan.
(ii) to distribute the proceeds of the realisation of the property among the creditors in accordance with the plan; and
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