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Friday, 15 November 2002
Page: 6529

Senator LUDWIG (2:11 PM) —I glean from that that you think that section 600A of the Corporations Law in relation to arms-length creditors is also irrelevant, but I beg to differ. I think amendments (4), (5) and (6) are helpful and do ensure that at least some fairness is put back into the bankruptcy situation. It does provide an opportunity to avoid misdeeds that could be envisaged creeping in and does allow proper meetings take place.

Question agreed to.