Corporations Amendment (Corporate Insolvency Reforms) Act 2020 (130 of 2020)

Schedule 1   Restructuring of a company

Part 2   Consequential amendments

Corporations Act 2001

12   Section 9

Insert:

restructuring , in relation to a company, has the meaning given by section 453A.

restructuring plan means a plan executed under Part 5.3B or such a plan as varied and in force from time to time.

restructuring practitioner :

(a) in relation to a company but not in relation to a restructuring plan:

(i) means a small business restructuring practitioner for the company appointed under Part 5.3B; and

(ii) if 2 or more persons are appointed under that Part as small business restructuring practitioners for the company - has a meaning affected by paragraph 456M(2)(b); or

(b) in relation to a restructuring plan:

(i) means a small business restructuring practitioner for the plan appointed under Part 5.3B; and

(ii) if 2 or more persons are appointed under that Part as small business restructuring practitioners for the plan - has a meaning affected by paragraph 456N(2)(b).