Statute
Section 554B — Corporations Act 2001: Discounting of debts payable after relevant date
Text of the provision Official document
The amount of a debt that is admissible to proof but that, as at the relevant date, was not payable by the company until an ascertained or ascertainable date (the future date) after the relevant date is the amount payable on the future date reduced by the amount of the discount worked out in accordance with the regulations.
Official source: Federal Register of Legislation
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