Document ID: chunk:federal_register_of_legislation:C2020A00130:clause:1_4
Version: federal_register_of_legislation:C2020A00130
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 75962–76886

4  Section 9 (definition of decision period)
Repeal the definition, substitute:
decision period, for a secured party in relation to a security interest in property (including PPSA retention of title property) of a company means:
 (a) in relation to a company under administration—the period beginning on the day when:
 (i) a notice of appointment of the administrator must be given to the secured party under subsection 450A(3)—such notice is so given; or
 (ii) otherwise—the administration begins;
  and ending at the end of the thirteenth business day after that day; and
 (b) in relation to a company under restructuring—the period beginning on the day when:
 (i) a notice of appointment of the restructuring practitioner must be given to the secured party under the regulations—such notice is so given; or
 (ii) otherwise—the restructuring begins;
  and ending at the end of the thirteenth business day after that day.