Illegal phoenixing

The Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 (Cth) (Amending Act) came into force on 18 February 2020 and was designed to prevent illegal phoenixing activity.  The Amending Act introduced reforms such as creditor-defeating disposition provisions to combat phoenixing activity.  Additional provisions amending the Corporations Act 2001 (Cth) were aimed to encourage accountability by…

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