Corporations Regulations 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.3B - RESTRUCTURING OF A COMPANY  

Division 3 - Restructuring plan  

Subdivision C - Accepting a proposal for a restructuring plan  

REGULATION 5.3B.26   HOW A RESTRUCTURING PLAN IS MADE  

5.3B.26(1)    
If a company ' s proposal to make a restructuring plan is accepted in accordance with regulation 5.3B.25 , the company is taken to have made the restructuring plan.

5.3B.26(2)    
The restructuring plan is taken to have been made :

(a)    if the plan is expressed to be conditional on the occurrence of a specified event within a specified period and the event occurs within that period - on the day after the end of that period; and

(b)    otherwise - on the day after the end of the acceptance period.

5.3B.26(3)    
A restructuring plan that has been made has the same force and validity as if it were a deed executed by each of the parties to the plan.

Definitions

5.3B.26(4)    
In this regulation:

acceptance period
has the same meaning as in subregulation 5.3B.21(3) .