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Can the debtor be a diector of a company while under a Personal Insolvency Agreement?

April 26, 2017Agreement COMPANY debtor Insolvency

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Can the debtor be a diector of a company while under a Personal Insolvency Agreement?

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No. Section 206B of the Corporations Act disqualifies a person who has executed a PIA and the terms have not been completely fulfilled. It does not appear that a person who is under a controlling trusteeship is disqualified.