Definition of borrower expanded to include pooled investment vehicles, broadening secured creditor scope to include pooled debenture trustees. Amendments to section 2 expand the definition of borrower to include pooled investment vehicles and broaden the definition of secured creditor by removing the limitation that a debenture trustee must be appointed by a company, thereby covering debenture trustees appointed by pooled investment vehicles; these changes take effect from 1 April 2021.
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Provisions expressly mentioned in the judgment/order text.
Definition of borrower expanded to include pooled investment vehicles, broadening secured creditor scope to include pooled debenture trustees.
Amendments to section 2 expand the definition of borrower to include pooled investment vehicles and broaden the definition of secured creditor by removing the limitation that a debenture trustee must be appointed by a company, thereby covering debenture trustees appointed by pooled investment vehicles; these changes take effect from 1 April 2021.
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