459G
In forceCompany may apply
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 5External administration
Part 5.4Winding up in insolvency
Division 3Application to set aside statutory demand
459G Company may apply
(1)
A company may apply to the Court for an order setting aside a statutory demand served on the company.
(2)
An application may only be made within the statutory period after the demand is so served.
(3)
An application is made in accordance with this section only if, within that period:
(a)
an affidavit supporting the application is filed with the Court; and
(b)
a copy of the application, and a copy of the supporting affidavit, are served on the person who served the demand on the company.
This Act’s bill:Explanatory memorandumSecond reading speech
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