Corporations Act 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.6 - WINDING UP GENERALLY  

Note: This Part applies to a sub-fund of a CCIV in a modified form: see Division 5 of Part 8B.6 .

Division 6 - Proof and ranking of claims  

Subdivision B - Computation of debts and claims  

SECTION 554B  

554B   DISCOUNTING OF DEBTS PAYABLE AFTER RELEVANT DATE  
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.


 

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