Where an application to set aside a statutory demand is dismissed, the company must apply for an extension of the period for compliance under s 459F(2)(a)(i) within seven days of the dismissal, regardless of whether the judgment was delivered electronically or in open court. Failure to do so results in a presumption of insolvency that cannot be undone by a subsequent appeal against the dismissal order. The exceptional jurisdiction to reopen perfected orders described in Autodesk Inc v [name withheld] (No 2) is peculiar to the High Court and is not available in an intermediate appellate court.
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