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
73 Paragraph 588U(1)(c)
Repeal the paragraph, substitute:
(c) the company's liquidator has intervened in an application for a civil penalty order against a person relating to:
(i) a contravention of subsection 588G(2) relating to the incurring of the debt; or
(ii) a contravention of subsection 588GAB(2) or 588GAC(2) relating to the disposition; or
(d) the company's liquidator has requested ASIC to make an order under subsection 588FGAA(3) relating to the disposition; or
(e) ASIC has made an order under subsection 588FGAA(3) relating to the disposition.
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