Corporations Act 2001
Note: This Part does not apply to a CCIV or a sub-fund of a CCIV: see Division 4 of Part 8B.6 .
View history note
Hide history noteThe functions of the restructuring practitioner for a company under restructuring are: (a) to provide advice to the company on matters relating to restructuring; and (b) to assist the company to prepare a restructuring plan; and (c) to make a declaration to creditors in accordance with the regulations in relation to a restructuring plan proposed to the creditors; and (d) any other functions given to the restructuring practitioner under this Act.
453E(2)
The regulations may make provision for and in relation to the following: (a) the functions of the restructuring practitioner for a company under restructuring; (b) the duties of the restructuring practitioner for a company under restructuring; (c) the powers of the restructuring practitioner for a company under restructuring; (d) the rights and liabilities of a person who is or has been the restructuring practitioner for a company arising out of the performance of the functions and duties, and the exercise of the powers, of the person as restructuring practitioner.
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