Australia: New Small Business Insolvency Reforms How Statuto

Australia: New Small Business Insolvency Reforms How Statutory Demands will change from 1 January 2021


Extension of Temporary Statutory Demand Limits
For a company that is "eligible for temporary restructuring relief" pursuant to the Corporations Amendment Act, and potentially up until 31 July 2021:
the statutory minimum amount for service of a statutory demand will remain at $20,000; and
the statutory period to respond to a statutory demand will remain at 6 months.3
Consequential amendments are made to the form for a statutory demand. 
When is a company "eligible for temporary restructuring relief"?
The Corporations Amendment Act and Corporations Amendment Regulations include a concept of a company being "eligible for temporary restructuring relief" in circumstances where that relief has not been sought by the appointment of a small business restructuring practitioner.4

Related Keywords

, Corporations Amendment , Corporate Insolvency Reforms , Corporations Amendment Act , Corporations Act , Temporary Statutory Demand , Corporations Amendment Regulations , Further Declaration , Statutory Demands , நிறுவனங்கள் திருத்தம் , பெருநிறுவன நொடித்துப்போனது சீர்திருத்தங்கள் , நிறுவனங்கள் திருத்தம் நாடகம் , நிறுவனங்கள் நாடகம் , தற்காலிகமானது சட்டரீதியான தேவை , நிறுவனங்கள் திருத்தம் ஒழுங்குமுறைகள் , மேலும் அறிவிப்பு ,

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