Statute
Section 588N — Corporations Act 2001: Avoiding double recovery
Text of the provision Official document
An amount recovered in proceedings under section 588M in relation to the incurring of a debt, or the disposition of property, by a company is to be taken into account in working out the amount (if any) recoverable in: (a) any other proceedings under that section in relation to the incurring of the debt or the disposition of the property; and (b) proceedings under section 596ACA in relation to a contravention of subsection 596AC(1), (2), (3) or (4) that is linked to the incurring of the debt or the disposition of the property.
Official source: Federal Register of Legislation
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