Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 554J

Subsequent realisation of security


a secured creditor's proof of debt is in respect of the balance due after deducting the creditor's estimate of the value of the security; and


the creditor realises the security; or
the security is realised under section 554F;
the net amount realised is to be substituted for the estimated value of the security and section 554H applies as if the proof of debt had been amended accordingly under section 554G.

Subdivision D—Priorities

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