Document ID: chunk:federal_register_of_legislation:C2020A00130:clause:1_453n
Version: federal_register_of_legislation:C2020A00130
Segment Type: clause
Provision Reference: sch 1 cl 453N
Character Range: 17420–17951

453N  Effect of things done during restructuring of company
  A payment made, transaction entered into, or any other act or thing done, in good faith by:
 (a) the restructuring practitioner for a company under restructuring; or
 (b) a company under restructuring with the consent of the restructuring practitioner for the company; or
 (c) a company under restructuring in compliance with an order of the Court;
is valid and effectual for the purposes of this Act, and is not liable to be set aside in a winding up of the company.