Document ID: chunk:federal_register_of_legislation:F2025C00176:clause:1_47
Version: federal_register_of_legislation:F2025C00176
Segment Type: clause
Provision Reference: sch 1 cl 47
Character Range: 73764–74544

47  Conditions
 (1) This Part:
 (a) does not affect the right of a party to a dispute under this code to take legal proceedings under the code; and
 (b) does not apply to a dispute over whether an event mentioned in paragraph 36(1)(a), (b), (c), (d) or (f) or subclause 36(2) has occurred.
 (2) The parties are equally liable for the costs of any mediation or other assistance to resolve the dispute under this Part (other than their own costs), unless they agree otherwise.
 (3) The parties must pay for their own costs relating to any mediation or other assistance to resolve the dispute.

Part 5—Application, saving and transitional provisions

Division 1—Amendments made by the Treasury Laws Amendment (Corporate Insolvency Reforms Consequential Amendments) Regulations 2021