Commonwealth Consolidated Regulations Commonwealth Consolidated RegulationsThe functions of the restructuring practitioner for a company's restructuring plan are:
(a) to receive money from, and hold money on trust for, the company; and
(b) to pay the money to creditors in accordance with the plan; and
(c) if requested to do so by the company's directors:
(i) to realise the property of the company that is available to pay creditors in accordance with the plan; and
(ii) to distribute the proceeds of the realisation of the property among the creditors in accordance with the plan; and
(d) to answer questions about the performance or exercise of any of the restructuring practitioner's functions and powers as restructuring practitioner for the plan; and
(e) to do anything that is incidental to the performance or exercise of those functions and powers; and
(f) to do anything else that is necessary or convenient for the
purpose of administering the plan.