Corporations Act 2001
CHAPTER 5
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EXTERNAL ADMINISTRATION
PART 5.3B
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RESTRUCTURING OF A COMPANY
Division 3
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Restructuring plan
SECTION 455A
PROPOSING A RESTRUCTURING PLAN
455A(1)
A company may propose a restructuring plan to its creditors. 455A(2)
The company is taken to be insolvent if the company does so. 455A(3)
The regulations may prescribe the time at which the company is taken to have done so, for the purpose of determining when the company became insolvent under subsection (2) .
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Hide history noteA company may propose a restructuring plan to its creditors. 455A(2)
The company is taken to be insolvent if the company does so. 455A(3)
The regulations may prescribe the time at which the company is taken to have done so, for the purpose of determining when the company became insolvent under subsection (2) .
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