Section 453N — Corporations Act 2001 (Cth)

Effect of things done during restructuring of company

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.

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 453K — Control of company under restructuring
s 453L — Conducting the business of the company during restructuring
s 453M — Order for compensation where director involved in void transaction
s 453P — Effect of restructuring on company’s members
s 453Q — Winding up company
s 453R — Restrictions on exercise of third party property rights

Research how courts apply s 453N

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.

Try BriefBridge free