Corporations Amendment Regulations 2007 (No. 13) (325 of 2007)

Schedule 1   Amendments

[23]   After subregulation 5.6.21 (4)

insert

(4A) If no result is reached under subregulation (2) or (3), and the meeting is not a meeting of eligible employee creditors, the person presiding at the meeting must include in the minutes of the meeting the reasons for exercising, or not exercising, as the case may be, a casting vote under subregulation (4).

(4B) In the case of a meeting of eligible employee creditors mentioned in paragraph 444DA (2) (a) of the Act, if no result is reached under subregulation (2) or (3), the resolution is not carried.