The ‘dreaded’ section 553C set-off All liquidators in Australia are likely aware of section 553C (the Section) of the Corporations Act 2001 (Cth) (Act). The reason I say ‘dreaded’ is because where a liquidator brings a preference claim, notwithstanding that; the onus is on the liquidator to prove that the company paying the monies was … Continue reading Section 553C Set-off against preference claims