Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 5.3B.61

When Court may vary restructuring plan

  (1)   A restructuring plan that has been made by a company must not be varied except in accordance with this regulation.

  (2)   The Court may make an order varying a restructuring plan:

  (a)   on its own initiative; or

  (b)   on the application of:

  (i)   the company; or

  (ii)   an affected creditor; or

  (iii)   the restructuring practitioner for the plan; or

  (iv)   ASIC.


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