Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 5.3B.38

Replacement restructuring practitioner must lodge outstanding notices etc.

             (1)  This regulation applies in relation to a restructuring practitioner for a restructuring plan (the replacement practitioner ) who is appointed under subregulation 5.3B.34(1).

             (2)  If:

                     (a)  before the appointment, a restructuring practitioner for the plan was required to do a thing under:

                              (i)  Division 4; or

                             (ii)  Subdivision B or C of Division 5; and

                     (b)  at the time of the appointment, the thing has not been done;

the replacement practitioner must do the thing within:

                     (c)  2 business days after the day on which the replacement practitioner is appointed; or

                     (d)  if the requirement arose because the restructuring practitioner was given notice or became aware of a thing--within 2 business days after the day on which the replacement practitioner is given the notice or becomes so aware.



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