Corporations Regulations 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.6 - WINDING UP GENERALLY  

REGULATION 5.6.53   TIME FOR LIQUIDATOR TO DEAL WITH PROOFS  

5.6.53(1)    
A liquidator must, within:

(a) 28 days after receiving a request in writing from a creditor to do so; or

(b) if ASIC allows - any further period;

in writing:

(c) admit all or part of the formal proof of debt or claim submitted by the creditor; or

(d) reject all or part of the formal proof of debt or claim; or

(e) require further evidence in support of it.

5.6.53(2)    
If the liquidator does not deal with a request under subregulation (1) in accordance with that subregulation, the creditor who submitted the proof may apply to the Court for a decision in respect of it.

5.6.53(3)    
If the liquidator gives notice in writing to a creditor that further evidence is required in support of the formal proof of debt or claim submitted by the creditor under subregulation (1), the period mentioned in that subregulation is taken not to have begun to run until the day on which the liquidator receives a sufficient written answer to his or her notice.