If Your Company Misses the Deadline to Set Aside a Statutory Demand — What Happens Next?

Last month, we discussed the ways in which a company can respond to a statutory demand. But what happens if the strict 21-day deadline to apply to set it aside is missed? If the deadline passes without action, the company is legally presumed to be insolvent. A creditor is able to rely on that presumption [...]

2026-03-26T05:52:33+00:00March 26th, 2026|Dispute Resolution|Comments Off on If Your Company Misses the Deadline to Set Aside a Statutory Demand — What Happens Next?
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Director Penalty Notices: What Every Company Director Needs to Know

The Australian Taxation Office (ATO) has significantly increased its use of Director Penalty Notices (DPNs) as part of a broader effort to recover unpaid company tax debts. In the 2024-25 financial year alone, the ATO issued more than 84,000 DPNs, representing a substantial increase on prior years and reflecting a more assertive approach to director [...]

2026-03-29T21:25:08+00:00March 26th, 2026|Compliance|Comments Off on Director Penalty Notices: What Every Company Director Needs to Know
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