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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