Section 588Z — Corporations Act 2001 (Cth)

Court may make order imposing liability

Where:

(a) a company is being wound up; and

(b) on or after 23 June 1993 and within 4 years before the relation‑back day, a person contravened section 206A by managing the company;

the Court may, on the application of the company’s liquidator, order that the person is personally liable for so much of the company’s debts and liabilities as does not exceed an amount specified in the order.

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.

Related sections

s 588WA — Safe harbour—taking reasonable steps to ensure company’s directors have the benefit of the directors’ safe harbour
s 588X — Defences about reasonable grounds, illness or reasonable steps
s 588Y — Application of amount paid as compensation
s 588ZA — Employee entitlements contribution orders
s 588ZB — Who may apply for an employee entitlements contribution order
s 589 — Interpretation and application

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