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

Schedule 1  

Corporations Act 2001

5   After subsection 588FE(6)

Insert:

(6A) The transaction is voidable if:

(a) it is an unreasonable director-related transaction of the company; and

(b) it was entered into, or an act was done for the purposes of giving effect to it:

(i) during the 4 years ending on the relation-back day; or

(ii) after that day but on or before the day when the winding up began.