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.

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.