Document ID: chunk:federal_register_of_legislation:C2021A00127:clause:2_22
Version: federal_register_of_legislation:C2021A00127
Segment Type: clause
Provision Reference: sch 2 cl 22
Character Range: 19852–22303

22  Section 700‑1
Insert:
restructuring plan:
 (a) in relation to an Aboriginal and Torres Strait Islander corporation—means a plan executed by the corporation under Part 5.3B of the Corporations Act (as applied by section 522‑1 of this Act), or such a plan as varied and in force from time to time; or
 (b) in relation to a body corporate other than an Aboriginal and Torres Strait Islander corporation—means a plan executed by the body corporate under Part 5.3B of the Corporations Act, or such a plan as varied and in force from time to time.
restructuring practitioner:
 (a) in relation to an Aboriginal and Torres Strait Islander corporation but not in relation to a restructuring plan:
 (i) means a small business restructuring practitioner for the corporation appointed under Part 5.3B of the Corporations Act (as applied by section 522‑1 of this Act); and
 (ii) if 2 or more persons are appointed under that Part as small business restructuring practitioners for the corporation—has a meaning affected by paragraph 456M(2)(b) of that Act as so applied; or
 (b) in relation to a restructuring plan made by an Aboriginal and Torres Strait Islander corporation:
 (i) means a small business restructuring practitioner for the plan appointed under Part 5.3B of the Corporations Act (as applied by section 522‑1 of this Act); and
 (ii) if 2 or more persons are appointed under that Part as small business restructuring practitioners for the plan—has a meaning affected by paragraph 456N(2)(b) of that Act as so applied; or
 (c) in relation to a body corporate (other than an Aboriginal and Torres Strait Islander corporation) but not in relation to a restructuring plan:
 (i) means a small business restructuring practitioner for the body or entity appointed under Part 5.3B of the Corporations Act; and
 (ii) if 2 or more persons are appointed under that Part as small business restructuring practitioners for the body or entity—has a meaning affected by paragraph 456M(2)(b) of the Corporations Act; or
 (d) in relation to a restructuring plan made by a body corporate (other than an Aboriginal and Torres Strait Islander corporation):
 (i) means a small business restructuring practitioner for the plan appointed under Part 5.3B of the Corporations Act; and
 (ii) if 2 or more persons are appointed under that Part as small business restructuring practitioners for the plan—has a meaning affected by paragraph 456N(2)(b) of the Corporations Act.