Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:3:p21
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 3 (pt 21/60)
Character Range: 235503–238346

In this regulation:
acceptance period means:
 (a) the period of 15 business days beginning on the day the company's restructuring practitioner gives documents in accordance with subregulation (1); or
 (b) if creditors are given a notice under paragraph 5.3B.22(7)(d)—the longer of:
 (i) the period of 15 business days beginning on the day the company's restructuring practitioner gives documents in accordance with subregulation (1) of this regulation; and
 (ii) the period beginning on the day the company's restructuring practitioner gives documents in accordance with subregulation (1) of this regulation and ending on the last day of the period of 5 business days after the day on which the notice under paragraph 5.3B.22(7)(d) is given; or
 (c) such other period as the Court orders under regulation 5.3B.60.
restructuring plan standard terms means the terms specified in subregulation 5.3B.27(1).

5.3B.22  Creditors may dispute schedule of debts and claims before restructuring plan is made
 (1) This regulation applies in relation to a person if:
 (a) the person is a creditor of a company that is proposing to make a restructuring plan; and
 (b) the plan has not been made; and
 (c) the person disagrees with the schedule of debts and claims included with the company's restructuring proposal statement because:
 (i) the person's admissible debts or claims are not specified; or
 (ii) the company's assessment of the person's admissible debts or claims is incorrect; or
 (iii) the person is incorrectly specified as an excluded creditor.

Creditor may notify restructuring practitioner of disagreement
 (2) The person may give written notice of the disagreement to the company's restructuring practitioner.
 (3) The notice:
 (a) may be given:
 (i) if the person received a copy of the plan—within 5 business days after the day on which the person receives the plan; or
 (ii) if the person otherwise became aware of the plan—within 5 business days after the day on which the person becomes so aware; or
 (iii) after the period specified in subparagraph (i) or (ii), if the notice includes a statement setting out the person's reasons for not giving the notice within that period; and
 (b) if the disagreement relates to the person's admissible debts or claims:
 (i) must include detailed particulars of the debt or claim sought to be proved; and
 (ii) in the case of a debt, must include a statement of account; and
 (iii) must specify the vouchers (if any) by which the statement can be substantiated; and
 (c) if the disagreement relates to the person's status as an excluded creditor—must include detail sufficient to resolve the disagreement.
 (4) The restructuring practitioner may, after receiving the notice, request that the person or the directors of the company:
 (a) give the restructuring practitioner information about the