Document ID: chunk:federal_register_of_legislation:C2025C00185:section:260e:p17
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 260E (pt 17/18)
Character Range: 978717–982056

and consignors entitled to damages
Division 2B—Security interests in favour of company officers etc.
588FP Security interests in favour of an officer of a company etc. void
Division 3—Duties to prevent insolvent trading and creditor‑defeating dispositions
Subdivision A—Director's duty to prevent insolvent trading
588G Director's duty to prevent insolvent trading by company
Subdivision B—Duties to prevent creditor‑defeating dispositions
588GAA Object of this Subdivision
588GAB Officer's duty to prevent creditor‑defeating disposition
588GAC Procuring creditor‑defeating disposition
Subdivision C—Safe harbour from breach of duties
588GA Safe harbour—taking course of action reasonably likely to lead to a better outcome for the company
588GAAA Safe harbour—temporary relief in response to the coronavirus
588GAAB Safe harbour—companies under restructuring
588GAAC Safe harbour—temporary relief for companies looking for a restructuring practitioner
588GB Information or books not admissible to support the safe harbour if failure to permit inspection etc.
588H Defences about reasonable grounds, illness or reasonable steps
588HA Review relating to safe harbour
Division 4—Director liable to compensate company
Subdivision A—Proceedings against director
588J On application for civil penalty order, Court may order compensation
588K Criminal court may order compensation
588L Enforcement of order under section 588J or 588K
588M Recovery of compensation for loss resulting from insolvent trading
588N Avoiding double recovery
588P Effect of sections 588J, 588K and 588M
588Q Certificates evidencing contravention
Subdivision B—Proceedings by creditor
588R Creditor may sue for compensation with liquidator's consent
588S Creditor may give liquidator notice of intention to sue for compensation
588T When creditor may sue for compensation without liquidator's consent
588U Events preventing creditor from suing
Division 5—Liability of holding company for insolvent trading by subsidiary
588V When holding company liable
588W Recovery of compensation for loss resulting from insolvent trading
588WA Safe harbour—taking reasonable steps to ensure company's directors have the benefit of the directors' safe harbour
588X Defences about reasonable grounds, illness or reasonable steps
Division 6—Application of compensation under Division 4 or 5
588Y Application of amount paid as compensation
Division 7—Person managing a corporation while disqualified may become liable for corporation's debts
588Z Court may make order imposing liability
Division 8—Employee entitlements contribution orders
588ZA Employee entitlements contribution orders
588ZB Who may apply for an employee entitlements contribution order
Part 5.8—Offences
589 Interpretation and application
590 Offences by officers of certain companies
592 Incurring of certain debts; fraudulent conduct
593 Powers of Court
594 Certain rights not affected
595 Inducement to be appointed liquidator etc. of company
596 Frauds by officers
Part 5.8A—Employee entitlements
596AA Objects and coverage of this Part
596AB Relevant agreements or transactions that avoid employee entitlements—offences
596AC Relevant agreements or transactions that avoid employee entitlements—civil contraventions
596ACA Person who contravenes section 596AC liable to compensate for loss
596AD Avoiding double