Corporations Regulations 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.4 - WINDING UP IN INSOLVENCY  

REGULATION 5.4.01AAA   MEANING OF STATUTORY MINIMUM AND STATUTORY PERIOD - 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.