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PROPERTY (RELATIONSHIPS) ACT 1984 - SECT 42
Transactions to defeat claims
42 Transactions to defeat claims
(1) In this section,
"disposition" includes a sale and a gift.
(2) On an application for an order
under this Part, a court may set aside or restrain the making of an instrument
or disposition by or on behalf of, or by direction or in the interest of, a
party, which is made or proposed to be made to defeat an existing or
anticipated order relating to the application (being an order adjusting
interests with respect to the property of the parties or either of them, an
order for maintenance or an order for costs) or which, irrespective of
intention, is likely to defeat any such order.
(3) The court may, without
limiting section 38, order that any property dealt with by any such instrument
or disposition may be taken in execution or used or applied in, or charged
with, the payment of such sums payable pursuant to an order adjusting
interests with respect to the property of the parties or either of them or for
maintenance or costs as the court directs, or that the proceeds of a sale
shall be paid into court to abide its order.
(3A) Without limiting subsection
(3), a court making an order with respect to property under that subsection
may also order that any interest (including a security interest or
transitional security interest to which the Personal Property Securities Act
2009 of the Commonwealth applies) is extinguished if the court is satisfied
that it is appropriate to do so to prevent the defeat of an order referred to
in subsection (2).
(3B) An order under subsection (3A) operates to extinguish
an interest to which it relates according to its tenor.
(4) A party or a
person acting in collusion with a party may be ordered to pay the costs of any
other party or of a bona fide purchaser or other person interested of and
incidental to any such instrument or disposition and the setting aside or
restraining of the instrument or disposition.
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