CORPORATIONS REGULATIONS 1990 (REPEALED)

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.6 - WINDING UP GENERALLY  

REGULATION 5.6.47   ADMISSION OF DEBT OR CLAIM WITHOUT FORMAL PROOF  

5.6.47(2)    
If a liquidator admits a debt or claim without formal proof, it is not necessary for the liquidator formally to admit the debt or claim in writing.

5.6.47(3)    
If a creditor ' s debt or claim has been admitted without formal proof, a notice of dividend is sufficient notice of the admission.

5.6.47(4)    
A liquidator must not reject a debt or claim without:

(a) notifying the creditor of the grounds of the liquidator ' s rejection; and

(b) requiring that a formal proof of debt or claim be submitted for that debt or claim.