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.


 

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