Circumstances where a transaction by statutory manager not voidable under section 588FE
A transaction of a body corporate is not voidable under section 588FE merely because: (a) the transaction was entered into at a time when section 842A applied to the body corporate; and (b) the transaction is: (i) an uncommercial transaction of the body corporate; or (ii) an unfair preference given by the body corporate to a creditor of the body corporate; or (iii) an insolvent transaction of the body corporate; or (iv) a creditor‑defeating disposition by the body corporate.
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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