Corporations Regulations 2001
CHAPTER 5
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EXTERNAL ADMINISTRATION
PART 5.4
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WINDING UP IN INSOLVENCY
REGULATION 5.4.01AAA
MEANING OF STATUTORY MINIMUM AND STATUTORY PERIOD
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PRESCRIBED AMOUNTS
5.4.01AAA(1)
For the purposes of paragraph (a) of the definition of statutory minimum in section 9 of the Act, the amount prescribed is: (a) in relation to a company that is eligible for temporary restructuring relief - $20,000; and (b) otherwise - $4,000.
5.4.01AAA(2)
For the purposes of paragraph (a) of the definition of statutory period in section 9 of the Act, the period prescribed is: (a) in relation to a company that is eligible for temporary restructuring relief - 6 months; and (b) otherwise - 21 days.
5.4.01AAA(3)
Paragraphs (1)(a) and (2)(a) do not apply in relation to statutory demands served on or after 1 August 2021.
For the purposes of paragraph (a) of the definition of statutory minimum in section 9 of the Act, the amount prescribed is: (a) in relation to a company that is eligible for temporary restructuring relief - $20,000; and (b) otherwise - $4,000.
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Hide history note5.4.01AAA(2)
For the purposes of paragraph (a) of the definition of statutory period in section 9 of the Act, the period prescribed is: (a) in relation to a company that is eligible for temporary restructuring relief - 6 months; and (b) otherwise - 21 days.
5.4.01AAA(3)
Paragraphs (1)(a) and (2)(a) do not apply in relation to statutory demands served on or after 1 August 2021.