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CORPORATIONS REGULATIONS 2001 2001 No. 193 - REG 5.6.54
Grounds of rejection and notice to creditor
- (1)
- Within 7 days after the liquidator has rejected all or part of a formal
proof of debt or claim, the liquidator must:
- (a)
- notify the creditor of the
grounds for that rejection in accordance with Form 537; and
- (b)
- give notice to the creditor at the same time:
- (i)
- that the creditor may appeal to the Court against the rejection within the
time specified in the notice, being not less than 14 days after service of the
notice, or such further period as the Court allows; and
- (ii)
- that unless the creditor appeals in accordance with subparagraph (i), the
amount of his or her debt or claim will be assessed in accordance with the
liquidator's endorsement on the creditor's proof.
- (2)
- A person may appeal against the rejection of a formal proof
of debt or claim within:
- (a)
- the time specified in the notice of the
grounds of rejection; or
- (b)
- if the Court allows — any further period.
- (3)
- The Court may extend the time for filing an appeal under subregulation
(2), even if the period specified in the notice has expired.
- (4)
- If the liquidator has admitted a formal proof of debt or claim, the notice
of dividend is sufficient notice of the admission.
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