From sladen.com.au: Justice Downes ruled in the case of Park, Re Queensland Nickel Pty Ltd (in liq) that liquidators must consciously determine the admissibility of creditor debts to qualify for interest payments under section 563B of the Corporations Act 2001.

The Special Purpose Liquidators failed to make such a determination, leading to the conclusion that Queensland Nickel Pty Ltd was not required to pay interest to creditors.

Key takeaways emphasize the importance of liquidators’ engagement in adjudicating proofs of debt to ensure creditors’ entitlement to interest.