Corporations Act 2001
CHAPTER 5
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EXTERNAL ADMINISTRATION
PART 5.6
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WINDING UP GENERALLY
Division 6
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Proof and ranking of claims
Subdivision B
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Computation of debts and claims
SECTION 554B
554B
DISCOUNTING OF DEBTS PAYABLE AFTER RELEVANT DATE
The amount of a debt that is admissible to proof but that, as at the relevant date, was not payable by the company until an ascertained or ascertainable date (the future date ) after the relevant date is the amount payable on the future date reduced by the amount of the discount worked out in accordance with the regulations.
Note: This Part applies to a sub-fund of a CCIV in a modified form: see Division 5 of Part 8B.6 .
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Hide history noteThe amount of a debt that is admissible to proof but that, as at the relevant date, was not payable by the company until an ascertained or ascertainable date (the future date ) after the relevant date is the amount payable on the future date reduced by the amount of the discount worked out in accordance with the regulations.
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