Debts or claims may be proved formally or informally
(1) A debt or claim must be proved formally if the liquidator, in accordance with the regulations, requires it to be proved formally. (2) A debt or claim that is not required to be proved formally: (a) may be proved formally; or (b) may be proved in some other way, subject to compliance with the requirements of the regulations (if any) relating to the informal proof of debts and claims. (3) A debt or claim is proved formally if it satisfies the requirements of the regulations relating to the formal proof of debts and claims.
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.
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