120
In forceImproper dealings with receivable property
Part 6External intervention
Division 3Receivers
120 Improper dealings with receivable property
A person must not, with intent to defeat the purposes of this Division—
(a)
operate on an account at an ADI; or
(b)
destroy or conceal receivable property or property that is likely to become receivable property; or
(c)
move receivable property, or property that is likely to become receivable property, from one place to another; or
(d)
deliver possession of receivable property, or property that is likely to become receivable property, to another person; or
(e)
deliver control of receivable property, or property that is likely to become receivable property, to another person.
- 120 penalty units.
This Act’s bill:Explanatory memorandumSecond reading speech
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