455A
In forceProposing a restructuring plan
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 5External administration
Part 5.3BRestructuring of a company
Division 3Restructuring plan
455A Proposing a restructuring plan
(1)
A company may propose a restructuring plan to its creditors.
(2)
The company is taken to be insolvent if the company does so.
(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).
Regulations
This provision refers to the regulations (The regulations may prescribe
). Made under this Act:
- Corporations Regulations 2001 · under s 1364
115 more instruments made under this Act are listed on the Act’s overview.
This Act’s bill:Explanatory memorandumSecond reading speech
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