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 9 - General provisions relating to claims

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History

Heading to Pt 7.10 Div 9 substituted by No 201 of 1991, Sch 1 (effective 18 December 1991).

SECTION 983   INSTALMENT PAYMENTS  

983(1)  [Board may order payments by instalments]  

Where, at a particular time, the Board is of the opinion that, if all the amounts that, as at that time, are payable out of the Fund in connection with claims were so paid, the Fund would be exhausted or substantially depleted, the Board may determine in writing that amounts so payable as at that time shall be so paid in instalments of specified amounts payable on specified days.

983(2)  [``claim'']  

In subsection (1):

``claim'' means a claim under Division 6, 6A, 6B, 6C, 7, 7A or 8 or a claim that, for the purposes of Division 10, is a transferred claim in relation to a joining exchange.

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History

S 983(2) amended by No 104 of 1994, Sch 2 (effective 15 July 1994).

S 983(2) amended by No 201 of 1991, Sch 1 (effective 18 December 1991).

983(3)  [Determination subject to sec 932(3)]  

A determination under subsection (1) applies subject to subsection 932(3).

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