Section 320: Voidable gift
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
320. Voidable gift
(1) A gift by a debtor to another person may be set aside by the Court on
the application of the Official Receiver or a liquidator where—
(a) the debtor made the gift within 2 years immediately before the
date of adjudication or the commencement of the winding up;
and
(b) the debtor was unable to pay his or its due debts immediately
after making the gift.
(2) A gift that is made within 6 months immediately before the date of
the debtor’s adjudication or the commencement of the winding up is presumed, unless the contrary is proved, to be made at a time when the debtor
is unable to pay his or its due debts.