Section 453E — Corporations Act 2001: Functions, duties and powers of the restructuring practitioner

(1) The functions of the restructuring practitioner for a company under restructuring are: (a) to provide advice to the company on matters relating to restructuring; and (b) to assist the company to prepare a restructuring plan; and (c) to make a declaration to creditors in accordance with the regulations in relation to a restructuring plan proposed to the creditors; and (d) any other functions given to the restructuring practitioner under this Act. (2) The regulations may make provision for and in relation to the following: (a) the functions of the restructuring practitioner for a company under restructuring; (b) the duties of the restructuring practitioner for a company under restructuring; (c) the powers of the restructuring practitioner for a company under restructuring; (d) the rights and liabilities of a person who is or has been the restructuring practitioner for a company arising out of the performance of the functions and duties, and the exercise of the powers, of the person as restructuring practitioner.