Document ID: chunk:federal_register_of_legislation:C2020A00130:clause:1_47
Version: federal_register_of_legislation:C2020A00130
Segment Type: clause
Provision Reference: sch 1 cl 47
Character Range: 94238–95053

47  Paragraphs 553(1A)(a) and (b)
Repeal the paragraphs, substitute:
 (a) both of the following are satisfied:
 (i) the circumstances occur at a time when the company is under a deed of company arrangement;
 (ii) the company is under the deed immediately before the resolution or court order that the company be wound up; or
 (b) both of the following are satisfied:
 (i) the circumstances occur at a time when the company is under restructuring;
 (ii) the company is under restructuring immediately before the resolution or court order that the company be wound up; or
 (c) both of the following are satisfied:
 (i) the circumstances occur at a time when the company is under a restructuring plan;
 (ii) the company is under the plan immediately before the resolution or court order that the company be wound up.