Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 553D

Debts or claims may be proved formally or informally

  (1)   A debt or claim must be proved formally if the liquidator, in accordance with the regulations, requires it to be proved formally.

  (2)   A debt or claim that is not required to be proved formally:

  (a)   may be proved formally; or

  (b)   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.

  (3)   A debt or claim is proved formally if it satisfies the requirements of the regulations relating to the formal proof of debts and claims.


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