5.3B.42
CurrentProtection from liability
Chapter 5External administration
Part 5.3BRestructuring of a company
Division 3Restructuring plan
Subdivision DRestructuring practitioner for a restructuring plan
5.3B.42 Protection from liability
A person who is or has been the restructuring practitioner for a company’s restructuring plan is not subject to any liability to any person in respect of anything done, or omitted to be done, in good faith and without negligence in the exercise or performance, or the purported exercise or performance, of powers, functions or duties under the Act or these regulations relating to the plan.
This Act’s bill:Explanatory statement
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.