Debts or claims may be proved formally or informally
553D Debts or claims may be proved formally or informally
A debt or claim must be proved formally if the liquidator, in accordance with the regulations, requires it to be proved formally.
A debt or claim that is not required to be proved formally:
may be proved formally; or
may be proved in some other way, subject to compliance with the requirements of the regulations (if any) relating to the informal proof of debts and claims.
A debt or claim is proved formally if it satisfies the requirements of the regulations relating to the formal proof of debts and claims.
This provision refers to the regulations (the regulations
). Made under this Act:
- Corporations Regulations 2001 · under s 1364
115 more instruments made under this Act are listed on the Act’s overview.
This Act’s bill:Explanatory memorandumSecond reading speech
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