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 8 - Pooling  

Subdivision C - Other provisions  

SECTION 579M  

579M   WHEN DEBTS OR CLAIMS ARE PROVABLE IN WINDING UP  

If a debt or claim becomes a debt payable by, or a claim against, a company under any of the following provisions:

(a) subsection 571(2) (including that subsection as modified by a determination under paragraph 571(1)(d) );

(b) subsection 571(6) (including that subsection as modified by a determination under paragraph 571(1)(d) );

(c) subsection 571(7) (including that subsection as modified by a determination under paragraph 571(1)(d) );

(d) subsection 579E(2) (including that subsection as modified by an order under paragraph 579G(1)(d) );

(e) subsection 579E(6) (including that subsection as modified by an order under paragraph 579G(1)(d) );

(f) subsection 579E(7) (including that subsection as modified by an order under paragraph 579G(1)(d) );

(g) subsection 579G(1) ;

then, in the winding up of the company, the debt or claim is admissible to proof against the company.