Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 5.3B.53

Notice of end of restructuring

    If the restructuring of a company ends because of the happening of an event mentioned in subregulation   5.3B.02(1), the person who was the restructuring practitioner for the company immediately before the restructuring ended must, within 2 business days after the day on which the event happens:

  (a)   lodge with ASIC notice in the prescribed form (if any) of:

  (i)   the ending of the restructuring; and

  (ii)   the reason for the ending; and

  (b)   give a copy of the notice to as many of the company's creditors as reasonably practicable.

Note:   Failure to comply with this subregulation is an offence: see subsection   1311(1) of the Act.


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