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Question 6 (7 marks) The purpose of a voidable transaction provision is to prevent a depletion of assets in the company as it approaches insolvency

Question 6 (7 marks)

The purpose of a voidable transaction provision is to prevent a 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.

Identify and explain the seven (7) types of Voidable Transactions together with their relevant sections from the Corporations Act (Cth) 2001.

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