588Z
In forceCourt may make order imposing liability
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 7Person managing a corporation while disqualified may become liable for corporation’s debts
588Z Court may make order imposing liability
Where:
(a)
a company is being wound up; and
(b)
on or after 23 June 1993 and within 4 years before the relation‑back day, a person contravened section 206A by managing the company;
the Court may, on the application of the company’s liquidator, order that the person is personally liable for so much of the company’s debts and liabilities as does not exceed an amount specified in the order.
This Act’s bill:Explanatory memorandumSecond reading speech
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