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StatuteCorporations Act 2001

Section 595 — Corporations Act 2001: Inducement to be appointed liquidator etc. of company

Text of the provision Official document

(1) 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 (ca) a restructuring practitioner for a company; or (cb) a restructuring practitioner for a restructuring plan made, or to be made, 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. (2) An offence based on subsection (1) is an offence of strict liability. Note: For strict liability, see section 6.1 of the Criminal Code.

Official source: Federal Register of Legislation

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Statutory text from an official public source. Informational content — does not replace advice from a qualified legal practitioner.