Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:3:p50
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 3 (pt 50/60)
Character Range: 307727–310240

of debt or claim:
 (a) that is prepared and submitted in accordance with regulation 5.6.45—must be in accordance with Form 536; and
 (b) in any other case—must be in accordance with Form 535.

5.6.50  Contents of formal proof of debt or claim
 (1) A formal proof of debt or claim must:
 (a) contain detailed particulars of the debt or claim sought to be proved; and
 (b) in the case of a debt, include a statement of account; and
 (c) specify the vouchers (if any) by which the statement can be substantiated.
 (2) The liquidator may at any time call for the production of the vouchers mentioned in subregulation (1).

5.6.51  Costs of proof
  A creditor must bear the cost:
 (a) of proving his or her debt or claim; or
 (b) of amending a proof of debt or claim;
unless the Court otherwise orders.

5.6.52  Liquidator to notify receipt of proof of debt or claim
  If a liquidator is requested to do so by the person submitting a proof of debt or claim, the liquidator must notify that person of the receipt of the proof and whether or not it has been admitted under regulation 5.6.47.

5.6.53  Time for liquidator to deal with proofs
 (1) A liquidator must, within:
 (a) 28 days after receiving a request in writing from a creditor to do so; or
 (b) if ASIC allows—any further period;
in writing:
 (c) admit all or part of the formal proof of debt or claim submitted by the creditor; or
 (d) reject all or part of the formal proof of debt or claim; or
 (e) require further evidence in support of it.
 (2) If the liquidator does not deal with a request under subregulation (1) in accordance with that subregulation, the creditor who submitted the proof may apply to the Court for a decision in respect of it.
 (3) If the liquidator gives notice in writing to a creditor that further evidence is required in support of the formal proof of debt or claim submitted by the creditor under subregulation (1), the period mentioned in that subregulation is taken not to have begun to run until the day on which the liquidator receives a sufficient written answer to his or her notice.

5.6.54  Grounds of rejection and notice to creditor
 (1) Within 7 days after the liquidator has rejected all or part of a formal proof of debt or claim, the liquidator must:
 (a) notify the creditor of the grounds for that rejection in accordance with Form 537; and
 (b) give notice to the creditor at the same time:
 (i) that the creditor may appeal to the Court against the rejection within the time specified in the notice, being not