(1) For the purposes of subsection 453L(4) of the Act, this regulation prescribes the circumstances in which entering into a transaction or dealing by a company is to not be treated as in the ordinary course of the company’s business.
(2) The circumstances are as follows:
(a) the transaction or dealing is for the purposes of satisfying an admissible debt or claim;
(b) the transaction or dealing relates to the transfer or sale of the whole or a part of the business;
(c) the transaction or dealing relates to the payment of a dividend.