Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 53AB

Business affairs of a natural person

 
A natural person's business affairs include (without limitation):
 
(a)
the person's examinable
operations and examinable assets and liabilities; and

(b)
any act done (including any contract made and any transaction
entered into) by or on behalf of the person, or to or in relation to the
person or his or her business or property, at a time when: 

 
 
(i)
the
person was, under the Bankruptcy Act 1966 or the law of an external
Territory, a bankrupt in respect of a bankruptcy from which the person had not
been discharged; or

(ii)
the person had, under a law of an external Territory or of a
foreign country, the status of an undischarged bankrupt; or

(iii)
the person's property was subject to control under Division 2
of Part X of the Bankruptcy Act 1966 because of an authority given by the
person under section 188 of that Act; or

(iv)
a deed of assignment, deed of arrangement, or composition, under
Part X of the Bankruptcy Act 1966 or under the corresponding provisions
of the law of an external Territory or of a foreign country was in effect in
relation to the person or the person's property; and 

 
 
(c)
without
limiting the generality of paragraph (b), any conduct of the trustee of such a
bankrupt estate or of such a deed of assignment or arrangement, a person
acting under such an authority or a person administering such a composition;
and

(d)
matters concerned with ascertaining the corporations with which
the person is or has been connected.