Commonwealth Consolidated Regulations

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BANKRUPTCY REGULATIONS 2021 - REG 31

Transfers exempt from being void against trustee

    For the purposes of paragraph   120(2)(d) of the Act, a transfer is of a kind to which subsection   120(1) of the Act does not apply if the costs of recovering the transferred property would, in the opinion of the trustee in the transferor's bankruptcy, be likely to exceed the value of the property to the transferor's creditors.



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