295 Other orders

If a transaction or charge is set aside under section 294, the court may make 1 or more of the following orders:

(a)

an order that a person pay to the company an amount equal to some or all of the money that the company has paid under the transaction:

(b)

an order that a person transfer to the company property that the company has transferred under the transaction:

(c)

an order that a person pay to the company an amount that, in the court’s opinion, fairly represents some or all of the benefits that the person has received because of the transaction:

(d)

an order that a person transfer to the company property that, in the court’s opinion, fairly represents the application of either or both of the following:

(i)

money that the company has paid under the transaction:

(ii)

proceeds of property that the company has transferred under the transaction:

(e)

an order releasing, in whole or in part, a charge given by the company:

(f)

an order requiring security to be given for the discharge of an order made under this section:

(g)

an order specifying the extent to which a person affected by the setting aside of a transaction or by an order made under this section is entitled to claim as a creditor in the liquidation.

Compare: Corporations Act 2001 s 588FF(1)(a)–(d) (Aust)

Section 295: replaced, on 1 November 2007, by section 30 of the Companies Amendment Act 2006 (2006 No 56).