THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.4 - WINDING UP IN INSOLVENCY

 View history note

 Hide history note

History

Heading substituted by No 210 of 1992, s 57 (effective 23 June 1993).

CCH Note: See s 1382-1383.

Division 2 - Statutory demand

 View history note

 Hide history note

History

Heading inserted by No 210 of 1992, s 57 (effective 23 June 1993).

CCH Note: See s 1382-1383.

SECTION 459F   WHEN COMPANY TAKEN TO FAIL TO COMPLY WITH STATUTORY DEMAND  

View history reference

459F(1)  (Where company fails to comply)  

If, as at the end of the period for compliance with a statutory demand, the demand is still in effect and the company has not complied with it, the company is taken to fail to comply with the demand at the end of that period.

 View history note

 Hide history note

History

S 459F(1) inserted by No 210 of 1992, s 57 (effective 23 June 1993).

CCH Note: see s 1382-1383.

459F(2)  (Period for compliance)  

The period for compliance with a statutory demand is:

(a)  if the company applies in accordance with section 459G for an order setting aside the demand:

(i) if, on hearing the application under section 459G, or on an application by the company under this paragraph, the Court makes an order that extends the period for compliance with the demand - the period specified in the order, or in the last such order, as the case requires, as the period for such compliance; or

(ii) otherwise - the period beginning on the day when the demand is served and ending 7 days after the application under section 459G is finally determined or otherwise disposed of; or

(b)  otherwise - 21 days after the demand is served.

 View history note

 Hide history note

History

S 459F(2) inserted by No 210 of 1992, s 57 (effective 23 June 1993).

CCH Note: see s 1382-1383.

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.