Thank you to everyone who joined our first webinar of 2022.

We are grateful to Brett Warren of ASIC who discussed the introduction of a new form of voidable transaction known as a Creditor Defeating Disposition (CDD).

In February 2020, legislation received royal assent that introduced a CDDs.  The presentation covered the following:

1. ASIC’s work in and around CDDs;

2. The legislation that applies to the new CDD transaction;

3. ASIC’s process for handling a liquidator’s request for it to make an order for money or property against a person who has benefited form a CDD; and

4. Criminal offences resulting from a company making a CDD.

The webinar slides can be accessed here.