Document ID: chunk:federal_register_of_legislation:C2025C00185:section:588ha
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 588HA
Character Range: 2059082–2060175

588HA  Review relating to safe harbour
 (1) The Minister must cause an independent review of the following matters to be undertaken as soon as practicable after the last day of the 2 year period commencing on the commencement of this section:
 (a) the impact of the availability of the safe harbour described in subsection 588GA(1) to directors of companies on:
 (i) the conduct of directors; and
 (ii) the interests of creditors and employees of those companies;
 (b) any other matters the Minister considers relevant.
 (2) The review must be undertaken by 3 persons who, in the Minister's opinion, possess appropriate qualifications to undertake the review.
 (3) The persons who undertake the review must give the Minister a written report of the review.
 (4) The Minister must cause a copy of the report to be tabled in each House of the Parliament within 15 sitting days of that House after the day on which the report is given to the Minister.
 (5) The report is not a legislative instrument.

Division 4—Director liable to compensate company

Subdivision A—Proceedings against director