Procedure for Issuing a Statutory Demand under the Corporations Act (Australia)
A statutory demand is a formal request for payment of a debt from a company. It is a vital tool for creditors seeking to recover unpaid debts and is governed by the Corporations Act 2001 (Cth) (the “Act”), primarily under Section 459E. With rising building costs, the use of statutory demands is becoming increasingly relevant. […]
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