Ann: Refinancing of Loan Facility and Retirement of Receivers, page-61

The takeover of Ten Network by CBS (a US company) was done via Section 444GA of the Corporations Law. I am not aware that it required FI approval. I cannot say that it did not, but to my knowledge no.

Section 444GA is not the most commonly used option on restructuring but since 2014 when the law regarding this section had greater clarity following a number of court cases it has been more widely applied.

Just highlighting point so people aware that it could be used.