Corporations Regulations 2001
CHAPTER 5
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EXTERNAL ADMINISTRATION
PART 5.6
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WINDING UP GENERALLY
REGULATION 5.6.47
ADMISSION OF DEBT OR CLAIM WITHOUT FORMAL PROOF
5.6.47(2)
[
Formal admission not required]
(a) notifying the creditor of the grounds of the liquidator's rejection; and
(b) requiring that a formal proof of debt or claim be submitted for that debt or claim.
[ CCH Note: There is no subregulation 5.6.47(1).]
If a liquidator admits a debt or claim without formal proof, it is not necessary for the liquidator formally to admit the debt or claim in writing.
5.6.47(3) [ Notice of dividend as notice of admission]If a creditor's debt or claim has been admitted without formal proof, a notice of dividend is sufficient notice of the admission.
5.6.47(4) [ Prerequisites to rejection of proof]A liquidator must not reject a debt or claim without:
(a) notifying the creditor of the grounds of the liquidator's rejection; and
(b) requiring that a formal proof of debt or claim be submitted for that debt or claim.
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