Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 5.4.01AAA

Meaning of statutory minimum and statutory period--prescribed amounts

             (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 .

             (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.

             (3)  Paragraphs (1)(a) and (2)(a) do not apply in relation to statutory demands served on or after 1 August 2021.



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