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CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.4 - WINDING UP IN INSOLVENCY  

Division 3 - Application to set aside statutory demand  

SECTION 459J  SETTING ASIDE DEMAND ON OTHER GROUNDS  

459J(1)  [Defect or other reason]  


On an application under section 459G, the Court may by order set aside the demand if it is satisfied that:


(a) because of a defect in the demand, substantial injustice will be caused unless the demand is set aside; or


(b) there is some other reason why the demand should be set aside.

459J(2)  [Mere defect]  


Except as provided in subsection (1), the Court must not set aside a statutory demand merely because of a defect.

 



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