Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 595

Inducement to be appointed liquidator etc. of company

A person must not give, or agree or offer to give, to a member or creditor of a company any valuable consideration with a view to securing the person's own appointment or nomination, or to securing or preventing the appointment or nomination of some other person, as:

a liquidator or provisional liquidator of the company; or

an administrator of the company; or

an administrator of a deed of company arrangement executed, or to be executed, by the company; or

a receiver, or a receiver and manager, of property of the company; or

a trustee or other person to administer a compromise or arrangement made between the company and any other person or persons.

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