Document ID: chunk:federal_register_of_legislation:C2020A00006:clause:1_24
Version: federal_register_of_legislation:C2020A00006
Segment Type: clause
Provision Reference: sch 1 cl 24
Character Range: 11296–12333

24  At the end of section 588FG
Add:

If transaction is creditor‑defeating disposition
 (7) Subsections (1) and (2) do not apply to an order made solely on the grounds of subsection 588FE(6B) applying solely because of subparagraph 588FE(6B)(b)(iii).
 (8) A court is not to make under section 588FF an order solely on the grounds of subsection 588FE(6B) if it is proved that paragraphs 588GA(1)(a) and (b) apply in relation to a person and the disposition. For the purposes of determining whether it is proved that those paragraphs apply in that way:
 (a) subsections 588GA(2) to (7) apply; and
 (b) section 588GB applies as if the proceeding under section 588FF were a relevant proceeding.
 (9) A court is not to make, solely on the grounds of subsection 588FE(6B) (about a creditor‑defeating disposition of property), an order under section 588FF materially prejudicing a right or interest of a person other than a party to the creditor‑defeating disposition if it is proved that the person later acquired the property in good faith.