Document ID: chunk:federal_register_of_legislation:C2004A01112:clause:1_6
Version: federal_register_of_legislation:C2004A01112
Segment Type: clause
Provision Reference: sch 1 cl 6
Character Range: 4275–4864

6  At the end of section 588FF
Add:

 (4) If the transaction is a voidable transaction solely because it is an unreasonable director‑related transaction, the court may make orders under subsection (1) only for the purpose of recovering for the benefit of the creditors of the company the difference between:
 (a) the total value of the benefits provided by the company under the transaction; and
 (b) the value (if any) that it may be expected that a reasonable person in the company's circumstances would have provided having regard to the matters referred to in paragraph 588FDA(1)(c).