456A
In forceAppointee must consent
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 4The restructuring practitioner
Subdivision AQualifications of restructuring practitioners
456A Appointee must consent
A person cannot be appointed as restructuring practitioner for a company or for a restructuring plan unless:
(a)
the person has consented in writing to the appointment; and
(b)
as at the time of the appointment, the person has not withdrawn the consent.
This Act’s bill:Explanatory memorandumSecond reading speech
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