Corporations Regulations 2001
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Hide history noteWithin 1 business day after the day on which a restructuring practitioner for a company is appointed, the restructuring practitioner must lodge with ASIC notice of the appointment: (a) in the prescribed form (if any); and (b) in accordance with subregulation 5.6.75(4) .
Note: Failure to comply with this subregulation is an offence: see subsection 1311(1) of the Act.
5.3B.50(2)
Within 1 business day after the day on which a restructuring practitioner for a company is appointed, the restructuring practitioner must give information about the following to as many of the company ' s creditors as reasonably practicable: (a) the fact that the restructuring practitioner has been appointed in relation to the company; (b) the name of the company; (c) any trading name of the company; (d) the ACN of the company; (e) the name and contact details of the restructuring practitioner; (f) the date on which the restructuring practitioner was appointed; (g) the restructuring process and the process of making a restructuring plan, including:
(i) the proposal period in relation to the company; and
(ii) the amount of time in which an affected creditor may decide whether a proposed restructuring plan should be accepted; and
(h) how a person may obtain further information about the restructuring process and the process of making a restructuring plan; (i) the right of creditors to request information, reports and documents under sections 70-40 and 70-45 of Schedule 2 to the Act.
(iii) how an affected creditor may verify or dispute the creditor ' s admissible debts or claims;
Note: Failure to comply with this subregulation is an offence: see subsection 1311(1) of the Act.
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