Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 452A

Object of this Part

                   The object of this Part, and Schedule 2 to the extent that it relates to this Part, is to provide for a restructuring process for eligible companies that allows the companies:

                     (a)  to retain control of the business, property and affairs while developing a plan to restructure with the assistance of a small business restructuring practitioner; and

                     (b)  to enter into a restructuring plan with creditors.

Note:          Schedule 2 contains additional rules about the restructuring process.



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