Section 554D — Corporations Act 2001 (Cth)

Application of Subdivision

(1) This Subdivision applies in relation to the proof of a secured debt in the winding up of an insolvent company.

(2) For the purposes of the application of this Subdivision in relation to a secured debt of an insolvent company that is being wound up, the amount of the debt is taken to be the amount of the debt as at the relevant date (as worked out in accordance with Subdivision B).

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 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
s 554E — Proof of debt by secured creditor
s 554F — Redemption of security interest by liquidator
s 554G — Amendment of valuation

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