CORPORATIONS ACT 2001 - SECT 588N Avoiding double recovery

CORPORATIONS ACT 2001 - SECT 588N

    An amount recovered in proceedings under section   588M in relation to the incurring of a debt, or the disposition of property, 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 or the disposition of the property; and

  (b)   proceedings under section   596ACA in relation to a contravention of subsection   596AC(1), (2), (3) or (4) that is linked to the incurring of the debt or the disposition of the property.