Commonwealth Numbered Regulations

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BANKRUPTCY REGULATIONS 2021 (F2021L00261) - 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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