Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:3:p35
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 3 (pt 35/60)
Character Range: 271048–273907

the Act.

5.3B.51  Notice of termination of appointment of restructuring practitioner for company
  Within 2 business days after the day on which the appointment of a person as restructuring practitioner for a company terminates, notice in the prescribed form (if any) of the termination must be lodged with ASIC:
 (a) if the termination is because of the death of the person—by the company; and
 (b) otherwise—by the person.

5.3B.52  Notice of restructuring plan etc. given to affected creditors
  Within 2 business days after the day on which the restructuring practitioner for a company gives, in accordance with subregulation 5.3B.21(1), a copy of:
 (a) the company's restructuring plan; and
 (b) the company's restructuring proposal statement; and
 (c) the declaration prepared by the restructuring practitioner under regulation 5.3B.18;
the restructuring practitioner must lodge with ASIC in the prescribed form (if any):
 (d) the plan; and
 (e) the restructuring proposal statement; and
 (f) the declaration.

5.3B.53  Notice of end of restructuring
  If the restructuring of a company ends because of the happening of an event mentioned in subregulation 5.3B.02(1), the person who was the restructuring practitioner for the company immediately before the restructuring ended must, within 2 business days after the day on which the event happens:
 (a) lodge with ASIC notice in the prescribed form (if any) of:
 (i) the ending of the restructuring; and
 (ii) the reason for the ending; and
 (b) give a copy of the notice to as many of the company's creditors as reasonably practicable.
Note: Failure to comply with this subregulation is an offence: see subsection 1311(1) of the Act.

Subdivision C—Information, reports, documents etc. once restructuring plan is made

5.3B.54  Notice of appointment of restructuring practitioner for restructuring plan
  Within 2 business days after the day on which a restructuring practitioner for a restructuring plan is appointed, the restructuring practitioner must lodge with ASIC notice of the appointment:
 (a) in the prescribed form (if any); and
 (b) in accordance with subregulation 5.6.75(4).
Note: Failure to comply with this subregulation is an offence: see subsection 1311(1) of the Act.

5.3B.55  Notice of making of restructuring plan
  If a company makes a restructuring plan, the restructuring practitioner for the plan must, within 2 business days after the day on which the plan is made:
 (a) give to as many of the company's creditors as reasonably practicable a written notice:
 (i) stating that the plan has been made; and
 (ii) specifying the day on which the plan was made; and
 (b) lodge with ASIC notice in the prescribed form (if any) of the making of the plan, including information about:
 (i) the total value of the debts and claims set out in the schedule of debts and claims included