Document ID: chunk:federal_register_of_legislation:C2025C00185:section:588fe:p3
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 588FE (pt 3/4)
Character Range: 1991668–1994142

was done for the purpose of giving effect to it, during the period beginning at the start of the relation‑back day and ending:
 (i) when the company made the special resolution that it be wound up voluntarily; or
 (ii) when the Court made the order that the company be wound up; and
 (d) the transaction, or the act done for the purpose of giving effect to it, was not entered into, or done:
 (i) in the ordinary course of business, or by or with the consent of the restructuring practitioner for the company; or
 (ii) on behalf of the company by or under the authority of the restructuring practitioner for the plan.
 (3) The transaction is voidable if:
 (a) it is an insolvent transaction, and also an uncommercial transaction, of the company; and
 (b) it was entered into, or an act was done for the purpose of giving effect to it, during the 2 years ending on the relation‑back day.
 (4) The transaction is voidable if:
 (a) it is an insolvent transaction of the company; and
 (b) a related entity of the company is a party to it; and
 (c) it was entered into, or an act was done for the purpose of giving effect to it, during the 4 years ending on the relation‑back day.
 (5) The transaction is voidable if:
 (a) it is an insolvent transaction of the company; and
 (b) the company became a party to the transaction for the purpose, or for purposes including the purpose, of defeating, delaying, or interfering with, the rights of any or all of its creditors on a winding up of the company; and
 (c) the transaction was entered into, or an act done was for the purpose of giving effect to the transaction, during the 10 years ending on the relation‑back day.
 (6) The transaction is voidable if it is an unfair loan to the company made at any time on or before the day when the winding up began.
 (6A) The transaction is voidable if:
 (a) it is an unreasonable director‑related transaction of the company; and
 (b) it was entered into, or an act was done for the purposes of giving effect to it:
 (i) during the 4 years ending on the relation‑back day; or
 (ii) after that day but on or before the day when the winding up began.
 (6B) The transaction is voidable if:
 (a) it is a creditor‑defeating disposition of property of the company; and
 (b) at least one of the following applies:
 (i) the transaction was entered into, or an act was done for the purposes of giving effect to it, when the company was insolvent, during the 12 months ending on the relation‑back day