Statutory demands
A statutory demand is a powerful formal notice issued under the Corporations Act 2001 requiring a company to pay a debt of at least $4,000 within 21 days. It is not simply a letter of demand — it carries serious legal consequences. If the company fails to comply and does not apply to set the demand aside, it is presumed to be insolvent, which can form the basis of a winding-up application in the Federal Court or Supreme Court. Because strict technical requirements apply — including correct identification of the company, proper service at the registered office, and supporting affidavit evidence — statutory demands must be prepared carefully. When used appropriately, they are one of the most effective tools available to commercial creditors seeking fast payment from non-paying companies.
What we do?
We handle the entire statutory demand process on your behalf. After reviewing your matter to ensure the debt is suitable for this procedure, we prepare the prescribed Form 509H and supporting affidavit in compliance with the Corporations Act 2001. We witness the affidavit, arrange proper service at the company’s registered office, and retain proof of service. We then monitor the 21-day compliance period and advise you immediately on next steps if payment is not made, including potential winding-up proceedings. Our structured approach ensures your demand is prepared, executed and served correctly from start to finish.
Our fee
Get started
Statutory Demand – $450.00 (inclusive of GST and ASIC search)
Includes:
Dispute risk assessment
ASIC verification and search
Drafting Form 509H
Drafting supporting affidavit
Witnessing
Arranging service
21-day monitoring
Advice on winding-up if unpaid