THE CORPORATIONS LAW

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.7B - RECOVERING PROPERTY OR COMPENSATION FOR THE BENEFIT OF CREDITORS OF INSOLVENT COMPANY

Division 4 - Director liable to compensate company

Subdivision A - Proceedings against director

SECTION 588P   EFFECT OF SECTIONS 588J, 588K AND 588M  

588P    Sections 588J, 588K and 588M:

(a)  have effect in addition to, and not in derogation of, any rule of law about the duty or liability of a person because of the person's office or employment in relation to a company; and

(b)  do not prevent proceedings from being instituted in respect of a breach of such a duty or in respect of such a liability.