Statute
Section 1237W — Corporations Act 2001: Liquidator must be satisfied debt or claim is a liability of the sub-fund
Text of the provision Official document
(1) The liquidator of a sub-fund must determine that the whole or a part of a debt of the CCIV is not admissible to proof against the sub-fund if the liquidator is satisfied that the debt or the part of the debt (as the case requires) is not a liability of the sub-fund. (2) Such a determination does not have the effect of extinguishing the debt or the part of the debt.
Official source: Federal Register of Legislation
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