ASIC Supervisory Cost Recovery Levy Amendment (Corporate Insolvency Reforms) Regulations 2021

I, General the Honourable David Hurley AC DSC (Retd), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations.

Dated 04 February 2021

David Hurley

Governor‑General

By His Excellency’s Command

Michael Sukkar

Assistant Treasurer, Minister for Housing and Minister for Homelessness, Social and Community Housing

Contents

1 Name

2 Commencement

3 Authority

4 Schedules

Schedule 1—Amendments

ASIC Supervisory Cost Recovery Levy Regulations 2017

1  Name

  This instrument is the ASIC Supervisory Cost Recovery Levy Amendment (Corporate Insolvency Reforms) Regulations 2021.

2  Commencement

 (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

 (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

  This instrument is made under the ASIC Supervisory Cost Recovery Levy Act 2017.

4  Schedules

  Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1—Amendments

ASIC Supervisory Cost Recovery Levy Regulations 2017

1  Subparagraph 20(3)(a)(viii)

Omit “and”.

2  At the end of paragraph 20(3)(a)

Add:

 (ix) an appointment as a restructuring practitioner for a company;

 (x) an appointment as a restructuring practitioner for a restructuring plan; and

3  Paragraph 20(3)(b)

Omit “subparagraph (a)(i) to (viii)”, substitute “subparagraphs (a)(i) to (x)”.

4  At the end of paragraph 20(3)(d)

Add:

 ; (iii) a restructuring plan that has been made.