Corporations Amendment (Repayment of Directors' Bonuses) Act 2003 (25 of 2003)

Schedule 1  

Corporations Act 2001

4   Subsection 588FE(1)

Repeal the subsection, substitute:

(1) If a company is being wound up:

(a) a transaction of the company may be voidable because of any one or more of subsections (2) to (6) if the transaction was entered into on or after 23 June 1993; and

(b) a transaction of the company may be voidable because of subsection (6A) if the transaction was entered into on or after the commencement of the Corporations Amendment (Repayment of Directors' Bonuses) Act 2003.