179ALTransaction by Life Insurance Act statutory manager not voidable under section 588FE of the Corporations Act 2001

#### 179AL Transaction by Life Insurance Act statutory manager not voidable under section 588FE of the Corporations Act 2001 A transaction of a body corporate is not voidable under section 588FE of the Corporations Act 2001 merely because: (a) the transaction was entered into at a time when a Life Insurance Act statutory manager was in control of the body corporate’s business; and (b) the transaction is: (i) an uncommercial transaction (within the meaning of that Act) of the body corporate; or (ii) an unfair preference (within the meaning of that Act) given by the body corporate to a creditor of the company; or (iii) an insolvent transaction (within the meaning of that Act) of the body corporate; or (iv) a creditor‑defeating disposition (within the meaning of that Act) by the body corporate.