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StatuteCorporations Act 2001

Section 579M — Corporations Act 2001: When debts or claims are provable in winding up

Text of the provision Official document

If a debt or claim becomes a debt payable by, or a claim against, a company under any of the following provisions: (a) subsection 571(2) (including that subsection as modified by a determination under paragraph 571(1)(d)); (b) subsection 571(6) (including that subsection as modified by a determination under paragraph 571(1)(d)); (c) subsection 571(7) (including that subsection as modified by a determination under paragraph 571(1)(d)); (d) subsection 579E(2) (including that subsection as modified by an order under paragraph 579G(1)(d)); (e) subsection 579E(6) (including that subsection as modified by an order under paragraph 579G(1)(d)); (f) subsection 579E(7) (including that subsection as modified by an order under paragraph 579G(1)(d)); (g) subsection 579G(1); then, in the winding up of the company, the debt or claim is admissible to proof against the company.

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.