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
32 Division 3 of Part 5.7B (heading)
Repeal the heading, substitute:
Division 3 - Duties to prevent insolvent trading and creditor-defeating dispositions
Subdivision A - Director's duty to prevent insolvent trading
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