Treasury Laws Amendment (2021 Measures No. 5) Act 2021 (127 of 2021)

Schedule 2   Consequential and transitional matters arising from corporate insolvency reforms

Corporations (Aboriginal and Torres Strait Islander) Act 2006

12   After subsection 496-15(3)

Insert:

(3A) Subsection (2) does not apply to a transaction or dealing affecting property of the corporation if:

(a) the corporation has made a restructuring plan under Part 5.3B of the Corporations Act (as applied by section 522-1 of this Act) that has not terminated; and

(b) the restructuring plan specifies how the property is to be dealt with; and

(c) the transaction or dealing complies with the terms of the restructuring plan.