Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 954R

How claim under subsection 954N(1) is to be satisfied

(1) SEGC must allow a claim under subsection 954N(1) if the Board is satisfied that:

(a)
the claimant is entitled to make the claim; and

(b)
the obligation referred to in paragraph 954N(1)(c) still remains undischarged to the extent of a particular amount.

(2) If SEGC allows the claim, SEGC must pay to the claimant the amount referred to in paragraph (1)(b).



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