Corporations Act 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.6 - WINDING UP GENERALLY  

Note: This Part applies to a sub-fund of a CCIV in a modified form: see Division 5 of Part 8B.6 .

Division 6 - Proof and ranking of claims  

Subdivision A - Admission to proof of debts and claims  

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.

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.

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.