Section 554 — Corporations Act 2001 (Cth)

General rule—compute amount as at relevant date

(1) The amount of a debt or claim of a company (including a debt or claim that is for or includes interest) is to be computed for the purposes of the winding up as at the relevant date.

(2) Subsection (1) does not apply to an amount admissible to proof under subsection 553(2).

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 553C — Insolvent companies—mutual credit and set‑off
s 553D — Debts or claims may be proved formally or informally
s 553E — Application of Bankruptcy Act to winding up of insolvent company
s 554A — Determination of value of debts and claims of uncertain value
s 554B — Discounting of debts payable after relevant date
s 554C — Conversion into Australian currency of foreign currency debts or claims

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