Statute
Section 553B — Corporations Act 2001: Insolvent companies—penalties and fines not generally provable
Text of the provision Official document
(1) Subject to subsection (2), penalties or fines imposed by a court in respect of an offence against a law are not admissible to proof against an insolvent company. (2) An amount payable under a pecuniary penalty order, or an interstate pecuniary penalty order, within the meaning of the Proceeds of Crime Act 1987, is admissible to proof against an insolvent company.
Official source: Federal Register of Legislation
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