Issue a statutory demand.

Manage an insolvency or bankruptcy issue Issue a statutory demand Get paid what you are owed or wind up the debtor company. In business, some debtors will not pay until the consequences of not paying become more serious than the cost of settling. A statutory demand under the Corporations Act 2001 (Cth) creates exactly that […]

​​What is a statutory demand and when would I use one?​

​​You have always operated your business honestly and diligently, which includes paying each of your debts within their terms. Unfortunately, not everyone in business plays by the same rules….you have a problem debtor and cannot work out what to do. ​

Ensuring Compliance: A Checklist for Accountants Handling Statutory Demands

Many companies nominate their accountant’s address as the registered address for their business.  This article highlights the danger to a company of not being able to adequately supervise the registered office and the importance of accountants having a system in place for notifying clients of statutory demands. In a recent case, West Homes Australia [2023] […]