CORPORATIONS ACT 2001 - SECT 453N Effect of things done during restructuring of company

CORPORATIONS ACT 2001 - SECT 453N

    A payment made, transaction entered into, or any other act or thing done, in good faith by:

  (a)   the restructuring practitioner for a company under restructuring; or

  (b)   a company under restructuring with the consent of the restructuring practitioner for the company; or

  (c)   a company under restructuring in compliance with an order of the Court;

is valid and effectual for the purposes of this Act, and is not liable to be set aside in a winding up of the company.