Commonwealth Consolidated Acts Commonwealth Consolidated ActsA person who is or has been the restructuring practitioner for a company under restructuring is entitled to be indemnified out of the company's property (other than any PPSA retention of title property subject to a PPSA security interest that is perfected within the meaning of the Personal Property Securities Act 2009 ) for:
(a) any debts or liabilities incurred, or damages or losses sustained, in good faith and without negligence, by the restructuring practitioner:
(i) in the performance or purported performance of the restructuring practitioner's functions or duties; or
(ii) in the exercise or purported exercise of the restructuring practitioner's powers; and
(b) the remuneration to which the restructuring practitioner is
entitled under Insolvency Practice Rules made under Subdivision DA of Division
60 of Schedule 2.