Document ID: chunk:federal_register_of_legislation:C2025C00185:section:453e
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 453E
Character Range: 1635379–1636489

453E  Functions, duties and powers of the restructuring practitioner
 (1) The functions of the restructuring practitioner for a company under restructuring are:
 (a) to provide advice to the company on matters relating to restructuring; and
 (b) to assist the company to prepare a restructuring plan; and
 (c) to make a declaration to creditors in accordance with the regulations in relation to a restructuring plan proposed to the creditors; and
 (d) any other functions given to the restructuring practitioner under this Act.
 (2) The regulations may make provision for and in relation to the following:
 (a) the functions of the restructuring practitioner for a company under restructuring;
 (b) the duties of the restructuring practitioner for a company under restructuring;
 (c) the powers of the restructuring practitioner for a company under restructuring;
 (d) the rights and liabilities of a person who is or has been the restructuring practitioner for a company arising out of the performance of the functions and duties, and the exercise of the powers, of the person as restructuring practitioner.