Document ID: chunk:federal_register_of_legislation:C2025C00185:section:455b:p1
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 455B (pt 1/2)
Character Range: 1678960–1681744

455B  Restructuring plan

Proposing a restructuring plan
 (1) The regulations may make provision for and in relation to the following:
 (a) proposing a restructuring plan;
 (b) the matters that must or may be included in a restructuring plan;
 (c) accepting and rejecting a proposal for a restructuring plan;
 (d) the circumstances in which a proposal for a restructuring plan lapses;
 (e) the consequences of a proposal for a restructuring plan lapsing.

Making, varying and terminating a restructuring plan
 (2) The regulations may make provision for and in relation to the following:
 (a) making a restructuring plan;
 (b) the consequences of making a restructuring plan;
 (c) the variation of a restructuring plan;
 (d) the termination of a restructuring plan;
 (e) the consequences of a restructuring plan being varied or terminating.

Debts and claims
 (3) The regulations may make provision for and in relation to the following:
 (a) debts and claims that must or may be dealt with in a restructuring plan;
 (b) the calculation of the value of those debts and claims under a restructuring plan;
 (c) the proof and ranking of those debts and claims under a restructuring plan;
 (d) the property of a company that must or may be used in payment of those debts and claims under a restructuring plan;
 (e) the payment of those debts and claims under a restructuring plan;
 (f) the period within which those debts and claims must be paid under a restructuring plan;
 (g) the treatment of those debts and claims under a restructuring plan if the property of the company is not sufficient to satisfy those debts and claims in full;
 (h) the nature and duration of any moratorium on the enforcement of debts of and claims against a company that makes a restructuring plan;
 (i) the effect of a restructuring plan on rights, obligations and liabilities in relation to debts of and claims against a company.

Contributories
 (4) The regulations may make provision for and in relation to the following:
 (a) the identification of contributories of the company;
 (b) the rights, obligations and liabilities of contributories of the company in relation to a restructuring plan.

Circumstances in which restructuring plan void
 (5) The regulations may make provision for and in relation to the following:
 (a) the circumstances in which all or part of a restructuring plan is void;
 (b) the consequences if all or part of a restructuring plan is void.

Contravention of a restructuring plan
 (6) The regulations may make provision for and in relation to the following:
 (a) the circumstances in which a restructuring plan is contravened;
 (b) the consequences if a restructuring plan is contravened.

The restructuring practitioner
 (7) The regulations may make provision for and in relation