sec.254Definitions for part 1

### sec.254 Definitions for part 1 In this part— defeat the operation of this Act includes avoid, prevent and impede. scheme means— any agreement, arrangement, promise, understanding or undertaking, whether express or implied and whether or not enforceable, or intended to be enforceable, by legal proceedings; or any action, course of action, course of conduct, plan or proposal. - (a) any agreement, arrangement, promise, understanding or undertaking, whether express or implied and whether or not enforceable, or intended to be enforceable, by legal proceedings; or - (b) any action, course of action, course of conduct, plan or proposal.