Document ID: chunk:federal_register_of_legislation:C2020A00130:clause:1_456m
Version: federal_register_of_legislation:C2020A00130
Segment Type: clause
Provision Reference: sch 1 cl 456M
Character Range: 70487–71387

456M  Appointment of 2 or more restructuring practitioners of company
 (1) Where a provision of this Act provides for a small business restructuring practitioner for a company to be appointed, 2 or more persons may be appointed as small business restructuring practitioners of the company.
 (2) Where, because of subsection (1), there are 2 or more small business restructuring practitioners of a company:
 (a) a function, duty or power of a restructuring practitioner for the company may be performed or exercised by any one of them, or by any 2 or more of them together, except so far as the instrument appointing them otherwise provides; and
 (b) a reference in this Act to a restructuring practitioner, or to the restructuring practitioner, of a company is, in the case of the first‑mentioned company, a reference to whichever one or more of those restructuring practitioners the case requires.