554
In forceGeneral rule—compute amount as at relevant date
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 5External administration
Part 5.6Winding up generally
Division 6Proof and ranking of claims
Subdivision BComputation of debts and claims
554 General rule—compute amount as at relevant date
(1)
The amount of a debt or claim of a company (including a debt or claim that is for or includes interest) is to be computed for the purposes of the winding up as at the relevant date.
(2)
Subsection (1) does not apply to an amount admissible to proof under subsection 553(2).
This Act’s bill:Explanatory memorandumSecond reading speech
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