Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Act 2017 (112 of 2017)

Schedule 1   Amendments

Part 1   Safe harbour for insolvent trading

Corporations Act 2001

1   After subsection 588E(8)

Insert:

(8A) If, for the purposes of another recovery proceeding in relation to the company, evidence has been adduced or pointed to that suggests a reasonable possibility of:

(a) subsection 588GA(1) applying in relation to a person and a debt; or

(b) subsection 588WA(1) applying in relation to a corporation and a debt;

it must be presumed that that reasonable possibility exists.