SECTION 588WA SAFE HARBOUR - TAKING REASONABLE STEPS TO ENSURE COMPANY'S DIRECTORS HAVE THE BENEFIT OF THE DIRECTORS' SAFE HARBOUR
(a) the corporation takes reasonable steps to ensure that subsection 588GA(1) (about a safe harbour for directors taking certain courses of action) applies in relation to:
(i) each of the directors of the company; and
(ii) the debt; and
(b) subsection 588GA(1) does so apply in relation to each of those directors and to the debt.
evidential burden , in relation to a matter, means the burden of adducing or pointing to evidence that suggests a reasonable possibility that the matter exists or does not exist.
S 588WA inserted by No 112 of 2017, s 3, Sch 1 (effective 19 September 2017).
For Application of amendments by 112 of 2017, see note under s 588E(8A).