Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 500AD

Working out whether the 25% in value of creditors test met

    For the purposes of paragraph   500A(2)(c):

  (a)   the value of the creditors at a particular time is to be worked out by reference to the value of the creditors' claims against the company that are known at that time; and

  (b)   the regulations may prescribe creditors that are, or are not, to be taken into account.


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