Statutory Demand

Please Note: This document is for a creditor or joint creditors to create a statutory demand pursuant to the Corporations Act 2001 (Cth).

A creditor may serve a statutory demand on a debtor company:

1️⃣ For a single debt that the debtor company owes to the creditor that is due and payable and which is at least AUD$2,000 (temporarily increased to $20,000 for the Coronavirus relief package until 25 September 2020); or

2️⃣ For 2 or more debts that the debtor company owes to the creditor that are due and payable and which in aggregate total at least that amount.

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