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StatuteCorporations Act 2001

Section 553D — Corporations Act 2001: Debts or claims may be proved formally or informally

Text of the provision Official document

(1) A debt or claim must be proved formally if the liquidator, in accordance with the regulations, requires it to be proved formally. (2) A debt or claim that is not required to be proved formally: (a) may be proved formally; or (b) may be proved in some other way, subject to compliance with the requirements of the regulations (if any) relating to the informal proof of debts and claims. (3) A debt or claim is proved formally if it satisfies the requirements of the regulations relating to the formal proof of debts and claims.

Official source: Federal Register of Legislation

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Statutory text from an official public source. Informational content — does not replace advice from a qualified legal practitioner.