Document ID: chunk:federal_register_of_legislation:C2025C00167:section:122
Version: federal_register_of_legislation:C2025C00167
Segment Type: section
Provision Reference: s 122
Character Range: 342696–343431

122  Avoidance of preferences
 (1) A transfer of property by a person who is insolvent (the debtor) in favour of a creditor is void against the trustee in the debtor's bankruptcy if the transfer:
 (a) had the effect of giving the creditor a preference, priority or advantage over other creditors; and
 (b) was made in the period that relates to the debtor, as indicated in the following table.

Periods during which transfers of property may be void
                                                        Description of petition leading to debtor's bankruptcy                                                                                                                                     Period during which the transfer was made