Commonwealth Consolidated Regulations

[Index] [Table] [Search] [Search this Regulation] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

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.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback