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CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.7B - RECOVERING PROPERTY OR COMPENSATION FOR THE BENEFIT OF CREDITORS OF INSOLVENT COMPANY  

Division 4 - Director liable to compensate company  

Subdivision A - Proceedings against director  

SECTION 588P  

588P  EFFECT OF SECTIONS 588J, 588K AND 588M  

Sections 588J, 588K and 588M:


(a) have effect in addition to, and not in derogation of, any rule of law about the duty or liability of a person because of the person's office or employment in relation to a company; and


(b) do not prevent proceedings from being instituted in respect of a breach of such a duty or in respect of such a liability.

 



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