Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 (6 of 2020)

Schedule 1   Phoenixing offences and other rules about property transfers to defeat creditors

Part 1   Main amendments of the Corporations Act 2001

Corporations Act 2001

7   Subsection 588E(1) (after paragraph (a) of the definition of recovery proceeding)

Insert:

(aa) action by ASIC under section 588FGAA; or

(ab) proceedings under section 588FGAE; or