Commonwealth Consolidated Regulations

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Admission of debt or claim without formal proof

  (2)   If a liquidator admits a debt or claim without formal proof, it is not necessary for the liquidator formally to admit the debt or claim in writing.

  (3)   If a creditor's debt or claim has been admitted without formal proof, a notice of dividend is sufficient notice of the admission.

  (4)   A liquidator must not reject a debt or claim without:

  (a)   notifying the creditor of the grounds of the liquidator's rejection; and

  (b)   requiring that a formal proof of debt or claim be submitted for that debt or claim.

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