Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 849BE

Circumstances where a transaction by statutory manager not voidable under section 588FE

    A transaction of a body corporate is not voidable under section   588FE merely because:

  (a)   the transaction was entered into at a time when this Subdivision applied to the body corporate; and

  (b)   the transaction is:

  (i)   an uncommercial transaction of the body corporate; or

  (ii)   an unfair preference given by the body corporate to a creditor of the body corporate; or

  (iii)   an insolvent transaction of the body corporate; or

  (iv)   a creditor - defeating disposition by the body corporate.


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