Corporations Act 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.5 - VOLUNTARY WINDING UP  

Division 3 - Creditors ' voluntary winding up  

Subdivision B - Simplified liquidation process for creditors ' voluntary winding up of an insolvent company  

SECTION 500AD   500AD   WORKING OUT WHETHER THE 25% IN VALUE OF CREDITORS TEST MET  


For the purposes of paragraph 500A(2)(c) :

(a)  the value of the creditors at a particular time is to be worked out by reference to the value of the creditors ' claims against the company that are known at that time; and

(b)  the regulations may prescribe creditors that are, or are not, to be taken into account.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.