Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 (6 of 2020)

Schedule 1   Phoenixing offences and other rules about property transfers to defeat creditors

Part 3   Other amendments

Corporations Act 2001

102   In the appropriate position in Schedule 3

Insert:

Subsection 588GAB(1)

10 years imprisonment

Subsection 588GAC(1)

10 years imprisonment