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Uncommercial transactions

An uncommercial transaction relates to transactions entered into by a company where it may be expected that a reasonable person in the company’s circumstances would not have entered into the transaction, by having regard to its benefits and/or detriments to the company. Liquidators have the power under the Corporations Act 2001 (Cth) to avoid such transactions.

Elements of uncommercial transactions – see our Voidables FAQ

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