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CurrentTransfers exempt from being void against trustee
Part 6Administration of property
Division 4Undervalued transactions
31 Transfers exempt from being void against trustee
For the purposes of paragraph 120(2)(d) of the Act, a transfer is of a kind to which subsection 120(1) of the Act does not apply if the costs of recovering the transferred property would, in the opinion of the trustee in the transferor’s bankruptcy, be likely to exceed the value of the property to the transferor’s creditors.
This Act’s bill:Explanatory statement
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