THE CORPORATIONS LAW

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:...

SECTION 954R HOW CLAIM UNDER SUBSECTION 954N(1) IS TO BE SATISFIED

954R(1) [Board to be satisfied]

Subject to section 954V, SEGC must allow a claim under subsection 954N(1) if the Board is satisfied that:

(a) the claimant is entitled to make the claim; and

(b) the obligation referred to in paragraph 954N(1)(c) still remains undischarged to the extent of a particular amount.

954R(2) [How claim to be satisfied]

If SEGC allows the claim, SEGC must pay to the claimant the amount referred to in paragraph (1)(b).