Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 5.3B.26

  (1)   If a company's proposal to make a restructuring plan is accepted in accordance with regulation   5.3B.25, the company is taken to have made the restructuring plan.

  (2)   The restructuring plan is taken to have been made :

  (a)   if the plan is expressed to be conditional on the occurrence of a specified event within a specified period and the event occurs within that period--on the day after the end of that period; and

  (b)   otherwise--on the day after the end of the acceptance period.

  (3)   A restructuring plan that has been made has the same force and validity as if it were a deed executed by each of the parties to the plan.

Definitions

  (4)   In this regulation:

"acceptance period" has the same meaning as in subregulation   5.3B.21(3).