CORPORATIONS ACT 2001 No. 50, 2001 - SECT 596AD Avoiding double recovery
CORPORATIONS ACT 2001 No. 50, 2001 - SECT 596AD
Avoiding double recoveryAn amount recovered in proceedings under section 596AC in relation to a contravention of section 596AB 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 contravention; and
- (b)
- proceedings under section 588M in relation to the incurring of a debt that is linked to the contravention.