Corporations Act 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

Note: See section 600K .

PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS  

Division 75 - Meetings  

CLAUSE 75-21   RESTRUCTURING AND RESTRUCTURING PLANS  

75-21(1)  
Sections 75-10 , 75-15 and 75-20 do not apply to:

(a)  a company under restructuring; or

(b)  a company that has made a restructuring plan that has not yet terminated.

75-21(2)  
However, the restructuring practitioner for a company, or for a restructuring plan, may convene a meeting of the creditors if the restructuring practitioner is satisfied that:

(a)  there are exceptional circumstances; and

(b)  it is in the interests of the creditors to do so.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.