Document ID: chunk:federal_register_of_legislation:C2020A00130:clause:1_16
Version: federal_register_of_legislation:C2020A00130
Segment Type: clause
Provision Reference: sch 1 cl 16
Character Range: 79511–80654

16  After subsection 60(1)
Insert:

Restructuring practitioner
 (1A) In this Act, a declaration of relevant relationships, in relation to a restructuring practitioner for a company under restructuring, means a written declaration:
 (a) stating whether any of the following:
 (i) the restructuring practitioner;
 (ii) if the restructuring practitioner's firm (if any) is a partnership—a partner in that partnership;
 (iii) if the restructuring practitioner's firm (if any) is a body corporate—that body corporate or an associate of that body corporate;
  has, or has had within the preceding 24 months, a relationship with:
 (iv) the company; or
 (v) an associate of the company; or
 (vi) a former liquidator, or former provisional liquidator, of the company; or
 (vii) a person who is entitled to enforce a security interest in the whole, or substantially the whole, of the company's property (including any PPSA retention of title property); and
 (b) if so, stating the restructuring practitioner's reasons for believing that none of the relevant relationships result in the restructuring practitioner having a conflict of interest or duty.