Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 456B

Restructuring practitioner must be registered liquidator

             (1)  A person must not consent to be appointed, and must not act as restructuring practitioner for a company or for a restructuring plan.

             (2)  Subsection (1) does not apply if the person is a registered liquidator.

Note:          A defendant bears an evidential burden in relation to the matter in subsection (2), see subsection 13.3(3) of the Criminal Code .

             (3)  An offence based on subsection (1) is an offence of strict liability.



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