Corporations Regulations 2001
CHAPTER 5
-
EXTERNAL ADMINISTRATION
PART 5.6
-
WINDING UP GENERALLY
REGULATION 5.6.44
5.6.44
DEBT DISCOUNT RATE (ACT s 554B)
The discount by which the amount payable on the future date is to be reduced under section 554B of the Act is 8% a year calculated from the declaration of the dividend to the time when the debt would have become payable according to the terms on which it was contracted.
The discount by which the amount payable on the future date is to be reduced under section 554B of the Act is 8% a year calculated from the declaration of the dividend to the time when the debt would have become payable according to the terms on which it was contracted.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.