Clause 484

by deleting the definition of “commencement of insolvency proceedings” in section 2(1) and substituting the following definition:“ “commencement of insolvency proceedings” means —

in the case of proceedings in bankruptcy under Part 16 of the Insolvency, Restructuring and Dissolution Act 2018, the date of presentation of the bankruptcy application under section 307 or 308 of that Act;

in the case of winding up proceedings under Part 8 of the Insolvency, Restructuring and Dissolution Act 2018, the time the winding up is deemed to have commenced under section 126 of that Act or the time specified under section 161(6) of that Act;

in the case of a voluntary arrangement under Part 14 of the Insolvency, Restructuring and Dissolution Act 2018, the date of the application for an interim order under section 276(1) of that Act;

in the case of a compromise or an arrangement under section 210 of the Companies Act, the date of the application for an order under section 210(1) of that Act;

in the case of a compromise or an arrangement under section 71 of the Insolvency, Restructuring and Dissolution Act 2018, the date of the application under section 71 of that Act; or

in the case of judicial management proceedings under Part 7 of the Insolvency, Restructuring and Dissolution Act 2018 —

the date of the application for a judicial management order under section 91 of that Act; or

the date of lodgment of the notice of appointment of the interim judicial manager under section 94(5)(a) of that Act;”;

by deleting the definitions of “insolvency administrator” and “insolvency proceedings” in section 2(1) and substituting the following definitions:“ “insolvency administrator” means —

in the case of proceedings in bankruptcy under Part 16 of the Insolvency, Restructuring and Dissolution Act 2018, the trustee of the bankrupt’s estate;

in the case of winding up proceedings under Part 8 of the Insolvency, Restructuring and Dissolution Act 2018, the liquidator or provisional liquidator; or

in the case of judicial management proceedings under Part 7 of the Insolvency, Restructuring and Dissolution Act 2018, the judicial manager or interim judicial manager;“insolvency proceedings” means —

proceedings in bankruptcy under Part 16 of the Insolvency, Restructuring and Dissolution Act 2018;

winding up proceedings under Part 8 of the Insolvency, Restructuring and Dissolution Act 2018;

the making of a voluntary arrangement under Part 14 of the Insolvency, Restructuring and Dissolution Act 2018 or a compromise or an arrangement under section 210 of the Companies Act or section 71 of the Insolvency, Restructuring and Dissolution Act 2018; or

judicial management proceedings under Part 7 of the Insolvency, Restructuring and Dissolution Act 2018;”; and

by deleting subsection (12) of section 4 and substituting the following subsection:“(12) In this section, “insolvency law” means a provision of Part VII of the Companies Act, or Part 5, 7, 8, 9, 10, 11, 14 or 16 of the Insolvency, Restructuring and Dissolution Act 2018.”.