CORPORATIONS REGULATIONS 2001 - REG 5.3B.23 Creditors may change vote

CORPORATIONS REGULATIONS 2001 - REG 5.3B.23

  (1)   This regulation applies if:

  (a)   a company proposes to make a restructuring plan; and

  (b)   an affected creditor of the company gave a statement under paragraph   5.3B.21(1)(b) in relation to the plan.

  (2)   At any time before the end of the acceptance period, the creditor may:

  (a)   withdraw the statement; and

  (b)   give a new statement under paragraph   5.3B.21(1)(b) in relation to the plan.

  (3)   A statement may be withdrawn, and a new statement may be given, more than once before the end of the acceptance period.

Definitions

  (4)   In this regulation:

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