Appointment of 2 or more restructuring practitioners of company
(1) Where a provision of this Act provides for a small business restructuring practitioner for a company to be appointed, 2 or more persons may be appointed as small business restructuring practitioners of the company. (2) Where, because of subsection (1), there are 2 or more small business restructuring practitioners of a company: (a) a function, duty or power of a restructuring practitioner for the company may be performed or exercised by any one of them, or by any 2 or more of them together, except so far as the instrument appointing them otherwise provides; and (b) a reference in this Act to a restructuring practitioner, or to the restructuring practitioner, of a company is, in the case of the first‑mentioned company, a reference to whichever one or more of those restructuring practitioners the case requires.
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.
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