Commonwealth Consolidated Acts Commonwealth Consolidated ActsA payment made, transaction entered into, or any other act or thing done, in good faith by:
(a) the restructuring practitioner for a company under restructuring; or
(b) a company under restructuring with the consent of the restructuring practitioner for the company; or
(c) a company under restructuring in compliance with an order of the Court;
is valid and effectual for the purposes of this Act, and is not liable to be
set aside in a winding up of the company.