588P
In forceEffect of sections 588J, 588K and 588M
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 5External administration
Part 5.7BRecovering property or compensation for the benefit of creditors of insolvent company
Division 4Director liable to compensate company
Subdivision AProceedings against director
588P Effect of sections 588J, 588K and 588M
Sections 588J, 588K and 588M:
(a)
have effect in addition to, and not in derogation of, any rule of law about the duty or liability of a person because of the person’s office or employment in relation to a company; and
(b)
do not prevent proceedings from being instituted in respect of a breach of such a duty or in respect of such a liability.
This Act’s bill:Explanatory memorandumSecond reading speech
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