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StatuteCorporations Act 2001

Section 596AD — Corporations Act 2001: Avoiding double recovery

Text of the provision Official document

An amount recovered in proceedings under section 596ACA in relation to a contravention of subsection 596AC(1), (2), (3) or (4) 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 contravention; and (b) proceedings under section 588M in relation to the incurring of a debt, or the making of a disposition, that is linked to the contravention; and (c) proceedings under section 588ZA in relation to the entitlements to which the contravention relates; and (d) proceedings under section 1317H in relation to the contravention.

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.