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PROPERTY LAW ACT 1974 - SECT 228 Voluntary conveyances to defraud creditors voidable

PROPERTY LAW ACT 1974 - SECT 228

Voluntary conveyances to defraud creditors voidable

228 Voluntary conveyances to defraud creditors voidable

(1) Subject to this section, every alienation of property, made whether before or after the commencement of this Act, with intent to defraud creditors, shall be voidable, at the instance of any person prejudiced by the alienation of property.
(2) This section does not affect the law of bankruptcy for the time being in force.
(3) This section does not extend to any estate or interest in property conveyed for valuable consideration and in good faith to any person not having, at the time of the conveyance, notice of the intent to defraud creditors.