Section 1237W — Corporations Act 2001 (Cth)

Liquidator must be satisfied debt or claim is a liability of the sub‑fund

(1) The liquidator of a sub‑fund must determine that the whole or a part of a debt of the CCIV is not admissible to proof against the sub‑fund if the liquidator is satisfied that the debt or the part of the debt (as the case requires) is not a liability of the sub‑fund.

(2) Such a determination does not have the effect of extinguishing the debt or the part of the debt.

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 1237T — Corporate director may direct ASIC not to destroy books
s 1237U — Mandatory examination
s 1237V — Court may make order imposing liability on unlicensed person operating CCIV
s 1237X — Determination of debts and claims that relate to the business of 2 or more sub‑funds and are of uncertain value
s 1237Y — Application of sub‑fund property
s 1237Z — Warrant in relation to books

Research how courts apply s 1237W

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.

Try BriefBridge free