Section 554B — Corporations Act 2001 (Cth)

Discounting of debts payable after relevant date

The amount of a debt that is admissible to proof but that, as at the relevant date, was not payable by the company until an ascertained or ascertainable date (the future date) after the relevant date is the amount payable on the future date reduced by the amount of the discount worked out in accordance with the regulations.

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 553E — Application of Bankruptcy Act to winding up of insolvent company
s 554 — General rule—compute amount as at relevant date
s 554A — Determination of value of debts and claims of uncertain value
s 554C — Conversion into Australian currency of foreign currency debts or claims
s 554D — Application of Subdivision
s 554E — Proof of debt by secured creditor

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