Statutory Demands in a Nutshell


If you operate or contract with companies in Australia, then you should be aware of the statutory demand procedure.

Statutory demands are increasing in use and have important implications on the solvency of a corporate entity.

They are subject to strict formal requirements which may be a trap for the unwary.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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