The purpose of a voidable transaction provision is to prevent depletion of assets in the company as it approaches insolvency and is entered into within a specified limited time prior to the commencement of winding up. 

Required: Identify and explain the seven (7) types of Voidable Transactions together with their relevant sections from the Corporations Act (Cth) 2001. NOTE: Each correct type of Voidable Transaction and their explanation equates to one mark each.

Answer rating: 100% (QA)

1 A Company must not enter into a transaction with the intent to defraud ... View the full answer