Keep­ing you up-to-date with the lat­est legal devel­op­ments, leg­is­la­tion changes and case precedents.

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Update on Statu­to­ry Demands – changes to min­i­mum thresh­old and (for some) time to comply

On 1 July 2021, Sched­ule 1 to the Cor­po­ra­tions Amend­ment (Statu­to­ry Min­i­mum) Reg­u­la­tions 2021 (Cth) (Reg­u­la­tions) came into force, increas­ing the min­i­mum amount which a debtor com­pa­ny must owe a cred­i­tor before that cred­i­tor can issue a statu­to­ry demand to the debtor (Statu­to­ry Min­i­mum) and chang­ing, for some debtors, the peri­od in which debtors can…

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