Federal Register of Legislation
Corporations Law Amendment (Employee Entitlements) Act 2000
No. 78, 2000
Corporations Law Amendment (Employee Entitlements) Act 2000
No. 78, 2000
An Act to amend the Corporations Law, and for related purposes
Contents 1 Short title................................... 2 Commencement............................... 3 Schedule(s)..................................
Schedule 1—Employee entitlements Corporations Law
Corporations Law Amendment (Employee Entitlements) Act 2000
No. 78, 2000
An Act to amend the Corporations Law, and for related purposes
[Assented to 30 June 2000]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Corporations Law Amendment (Employee Entitlements) Act 2000.
2 Commencement
This Act commences on the day on which it receives the Royal Assent.
3 Schedule(s)
The Corporations Law set out in section 82 of the Corporations Act 1989 is amended as set out in Schedule 1, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—Employee entitlements
Corporations Law
1 Section 9 Insert:
entitlements of an employee of a company has the meaning given by subsections 596AA(2) and (3).
2 Section 9 Insert:
linked: the incurring of a debt and a contravention of section 596AB are linked if they are linked under subsection 596AB(4).
3 Subsection 588G(1A) (after table item 6) Insert:
7 entering into an uncommercial transaction (within the meaning of section 588FB) other than one that a court orders, or a prescribed agency directs, the company to enter into when the transaction is entered into
4 Section 588N Repeal the section, substitute:
588N Avoiding double recovery
An amount recovered in proceedings under section 588M in relation to the incurring of a debt by a company is to be taken into account in working out the amount (if any) recoverable in: (a) any other proceedings under that section in relation to the incurring of the debt; and (b) proceedings under section 596AC in relation to a contravention of section 596AB that is linked to the incurring of the debt.
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