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
23 Before subsection 588FG(2)
Insert:
If transaction entered into for valuable consideration in good faith without grounds for suspecting insolvency
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