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CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.8 - OFFENCES  

SECTION 595  INDUCEMENT TO BE APPOINTED LIQUIDATOR ETC. OF COMPANY  

595(1)  [Prohibition]  

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A person must not give, or agree or offer to give, to another person any valuable consideration with a view to securing the first-mentioned person's own appointment or nomination, or to securing or preventing the appointment or nomination of a third person, as:


(a) a liquidator or provisional liquidator of a company; or
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(b) an administrator of a company; or
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(c) an administrator of a deed of company arrangement executed, or to be executed, by a company; or
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(d) a receiver, or a receiver and manager, of property of a company; or
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(e) a trustee or other person to administer a compromise or arrangement made between a company and any other person or persons.

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595(2)  [Strict liability offence]  

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An offence based on subsection (1) is an offence of strict liability.

Note: For strict liability, see section 6.1 of the Criminal Code.


 



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