Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 5.6.47

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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