Director liability for uncommercial transactions : is s 588G(1A) impotent to provide liquidators the means to seek compensation for creditors?

Wellard, Mark Norman (2012) Director liability for uncommercial transactions : is s 588G(1A) impotent to provide liquidators the means to seek compensation for creditors? Insolvency Law Bulletin, 13(2), pp. 37-41.

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Abstract

In the 10 years since the addition of uncommercial transactions to the table of deemed “debts incurred” in s 588G(1A) of the Corporations Act, the sub-section has arguably achieved little. This article explains why this has been so, and what needs to be done to enable this aspect of Australia’s insolvent trading laws to operate effectively and as originally intended.

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ID Code: 53672
Item Type: Journal Article
Keywords: insolvent trading, uncommercial transactions, director, debts incurred, s 588G(1A)
ISSN: 1443-9662
Subjects: Australian and New Zealand Standard Research Classification > LAW AND LEGAL STUDIES (180000) > LAW (180100) > Corporations and Associations Law (180109)
Divisions: Current > QUT Faculties and Divisions > Faculty of Law
Current > Schools > School of Law
Copyright Owner: Copyright 2012 LexisNexis Butterworths
Deposited On: 17 Sep 2012 23:42
Last Modified: 19 Sep 2012 12:39

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