Corporations Regulations 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.3B - RESTRUCTURING OF A COMPANY  

Division 3 - Restructuring plan  

Subdivision D - Restructuring practitioner for a restructuring plan  

REGULATION 5.3B.38   REPLACEMENT RESTRUCTURING PRACTITIONER MUST LODGE OUTSTANDING NOTICES ETC.  

5.3B.38(1)    
This regulation applies in relation to a restructuring practitioner for a restructuring plan (the replacement practitioner ) who is appointed under subregulation 5.3B.34(1).

5.3B.38(2)    
If:

(a)    before the appointment, a restructuring practitioner for the plan was required to do a thing under:

(i) Division 4; or

(ii) Subdivision B or C of Division 5; and

(b)    at the time of the appointment, the thing has not been done;

the replacement practitioner must do the thing within:

(c)    2 business days after the day on which the replacement practitioner is appointed; or

(d)    if the requirement arose because the restructuring practitioner was given notice or became aware of a thing - within 2 business days after the day on which the replacement practitioner is given the notice or becomes so aware.