Document ID: chunk:federal_register_of_legislation:C2020A00130:clause:1_100
Version: federal_register_of_legislation:C2020A00130
Segment Type: clause
Provision Reference: sch 1 cl 100
Character Range: 111589–112137

100  After section 75‑20 of Schedule 2
Insert:

75‑21  Restructuring and restructuring plans
 (1) Sections 75‑10, 75‑15 and 75‑20 do not apply to:
 (a) a company under restructuring; or
 (b) a company that has made a restructuring plan that has not yet terminated.
 (2) However, the restructuring practitioner for a company, or for a restructuring plan, may convene a meeting of the creditors if the restructuring practitioner is satisfied that:
 (a) there are exceptional circumstances; and
 (b) it is in the interests of the creditors to do so.