Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.5.67

No claim in respect of money lent to dealer

    If, at the time when a dealer becomes insolvent:

  (a)   a person has lent money to the dealer; and

  (b)   the liability of the dealer to repay the money remains undischarged;

this Subdivision does not, because of the dealer having become insolvent at that time, entitle the person to make a claim in respect of the money.


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