Statute
Section 1238B — Corporations Act 2001: References to incurring debts
Text of the provision Official document
For the purposes of the application of the property recovery provisions, as those provisions apply subject to item 1 of the table in subsection 1238A(4), a sub-fund is taken to incur a debt if: (a) the CCIV incurs the debt; and (b) the debt is, to any extent, a liability of the sub-fund. The sub-fund incurs the debt at the time the CCIV incurs the debt.
Official source: Federal Register of Legislation
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