CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.8 - OFFENCES  

SECTION 595   INDUCEMENT TO BE APPOINTED LIQUIDATOR ETC. OF COMPANY  

595(1)   [ Prohibition]  

A person must not give, or agree or offer to give, to another person any valuable consideration with a view to securing the first-mentioned person's own appointment or nomination, or to securing or preventing the appointment or nomination of a third person, as:


(a) a liquidator or provisional liquidator of a company; or


(b) an administrator of a company; or


(c) an administrator of a deed of company arrangement executed, or to be executed, by a company; or


(d) a receiver, or a receiver and manager, of property of a company; or


(e) a trustee or other person to administer a compromise or arrangement made between a company and any other person or persons.

595(2)   [ Strict liability offence]  

An offence based on subsection (1) is an offence of strict liability.

Note: For strict liability , see section 6.1 of the Criminal Code .


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.