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 2   Consequential amendments of other Acts

Corporations (Aboriginal and Torres Strait Islander) Act 2006

88   Subsection 531-1(3)

Repeal the subsection, substitute:

(3) In this Act:

Corporations Act insolvent trading and creditor-defeating disposition provisions means:

(a) Divisions 3, 4, 5 and 6 of Part 5.7B of the Corporations Act; and

(b) the other provisions of that Act (including Parts 1.2 and 9.4 and Schedule 3 but not including Parts 1.1, 1.1A and 9.4A) to the extent to which they relate to the operation of the Divisions referred to in paragraph (a); and

(c) the regulations made under that Act for the purposes of the Divisions of that Act referred to in paragraph (a) and the provisions referred to in paragraph (b).