CCH Note:
Part 13 of the
Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW
82
The Corporations Law is as follows:...
CHAPTER 5 - EXTERNAL ADMINISTRATION
PART 5.6 - WINDING UP GENERALLY
Division 6 - Proof and ranking of claims
Subdivision A - Admission to proof of debts and claims
History
Heading inserted by No 210 of 1992, s 92 (effective 23 June
1993).
SECTION 553D
DEBTS OR CLAIMS MAY BE PROVED FORMALLY OR INFORMALLY
553D(1)
[Liquidator may require formal proof]
A debt or claim must be proved formally if the liquidator, in accordance with the regulations, requires it to be proved formally.
History
S 553D(1) inserted by No 210 of 1992, s 92 (effective 23 June 1993).
[
CCH Note:
See s 1382-1383.]
553D(2)
[No formal proof required]
A debt or claim that is not required to be proved formally:
(a)
may be proved formally; or
(b)
may be proved in some other way, subject to compliance with the requirements of the regulations (if any) relating to the informal proof of debts and claims.
History
S 553D(2) inserted by No 210 of 1992, s 92 (effective 23 June 1993).
[
CCH Note:
See s 1382-1383.]
553D(3)
[How debt proved formally]
A debt or claim is proved formally if it satisfies the requirements of the regulations relating to the formal proof of debts and claims.
History
S 553D(3) inserted by No 210 of 1992, s 92 (effective 23 June 1993).
[
CCH Note:
See s 1382-1383.]
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