A liquidator's deliberate decision to delay investigation of potential voidable transaction claims due to lack of funding, without seeking alternative funding sources such as the ASIC Assetless Administration Fund, constitutes self-inflicted prejudice that does not outweigh the presumptive prejudice to potential defendants on an application for extension of time under s 588FF(3)(b). However, where proposed defendants are already embroiled in related proceedings concerning the same transactions, the prejudice from an additional voidable transaction claim is considerably diminished.
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