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Corporations Amendment (Insolvency) Act 2007 (132 of 2007)

Schedule 1   Improving outcomes for creditors

Part 3   Streamlining external administration

Corporations Act 2001

121   Schedule 3 (after table item 20)

Insert:

20A

Subsection 161A(2) or (3)

10 penalty units or imprisonment for 3 months, or both.