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 7 - SECURITIES

PART 7.10 - THE NATIONAL GUARANTEE FUND

Division 6B - Claims in respect of net obligations

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History

Pt 7.10 Div 6B inserted by No 201 of 1991, Sch 1 (effective 18 December 1991).

SECTION 954R   HOW CLAIM UNDER SUBSECTION 954N(1) IS TO BE SATISFIED  

954R(1)  [Board to be satisfied]  

Subject to section 954V, SEGC must allow a claim under subsection 954N(1) if the Board is satisfied that:

(a)  the claimant is entitled to make the claim; and

(b)  the obligation referred to in paragraph 954N(1)(c) still remains undischarged to the extent of a particular amount.

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History

S 954R(1) inserted by No 201 of 1991, Sch 1 (effective 18 December 1991).

954R(2)  [How claim to be satisfied]  

If SEGC allows the claim, SEGC must pay to the claimant the amount referred to in paragraph (1)(b).

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History

S 954R(2) inserted by No 201 of 1991, Sch 1 (effective 18 December 1991).

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