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CORPORATIONS REGULATIONS 2001 2001 No. 193 - REG 5.6.53
Time for liquidator to deal with proofs
- (1)
- A liquidator must, within:
- (a)
- 28 days after receiving a request in
writing from a creditor to do so; or
- (b)
- if ASIC allows any further period;
in writing:
- (c)
- admit all or part of the formal proof of debt or claim
submitted by the creditor; or
- (d)
- reject all or part of the formal proof of debt or claim; or
- (e)
- require further evidence in support of it.
- (2)
- If the liquidator does not deal with a request under subregulation (1) in
accordance with that subregulation, the creditor who submitted the proof may
apply to the Court for a decision in respect of it.
- (3)
- If the liquidator gives notice in writing to a creditor that further
evidence is required in support of the formal proof of debt or claim submitted
by the creditor under subregulation (1), the period mentioned in that
subregulation is taken not to have begun to run until the day on which the
liquidator receives a sufficient written answer to his or her notice.
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