THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.6 - WINDING UP GENERALLY

Division 6 - Proof and ranking of claims

Subdivision B - Computation of debts and claims

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History

Heading inserted by No 210 of 1992, s 92 (effective 23 June 1993).

SECTION 554B   DISCOUNTING OF DEBTS PAYABLE AFTER RELEVANT DATE  

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554B    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.

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History

S 554B inserted by No 210 of 1992, s 94 (effective 23 June 1993).

[ CCH Note: See s 1382-1383.]

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