Corporations Regulations 2001
View history note
Hide history noteA person who is or has been the restructuring practitioner for a company ' s restructuring plan is entitled to be indemnified out of the company ' s property (other than any PPSA retention of title property subject to a PPSA security interest that is perfected within the meaning of the Personal Property Securities Act 2009 ) for: (a) any debts or liabilities incurred, or damages or losses sustained, in good faith and without negligence, by the restructuring practitioner:
(i) in the performance or purported performance of the restructuring practitioner ' s functions or duties; or
(b) the remuneration to which the restructuring practitioner is entitled under Insolvency Practice Rules made under Subdivision DA of Division 60 of Schedule 2 to the Act.
(ii) in the exercise or purported exercise of the restructuring practitioner ' s powers; and
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