Avoiding double recovery
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.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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