THE CORPORATIONS LAW

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.6 - WINDING UP GENERALLY

Division 6 - Proof and ranking of claims

Subdivision B - Computation of debts and claims

SECTION 554   GENERAL RULE - COMPUTE AMOUNT AS AT RELEVANT DATE  

554(1)  [Computation as at relevant date]  

The amount of a debt or claim of a company (including a debt or claim that is for or includes interest) is to be computed for the purposes of the winding up as at the relevant date.

554(2)  [Exception]  

Subsection (1) does not apply to an amount admissible to proof under subsection 553(2).