Answers

Answers to the questions business owners ask in a dispute

Straight, general-information answers to the questions business owners and directors most often ask when a commercial dispute lands — statutory demands, freezing orders, shareholder and partnership disputes, debt recovery, building payments and more.

General information only — not legal advice. Each answer describes the position in Queensland, Australia.

Debt Recovery & Insolvency

How does responding to and setting aside a creditor’s statutory demand work in Queensland?

General information (Queensland, Australia), not legal advice: A creditor's statutory demand is a formal written demand served on a company under the Corporations Act 2001 (Cth) s 459E, requiring payment of a debt of at least $4,000. The Corporations Act 2001 (Cth) s 459G provides a strict 21-day period from the date of service within which a company may apply to a court to set aside the demand. Allowing the period to expire without payment or a court application can result in a presumption of insolvency.

Reviewed 16 June 2026 Read the answer →

Talk to us

Tell us what’s happening. We’ll tell you where you stand.

A confidential, no-obligation conversation about your dispute and your options. We respond within one business day.

Request a confidential consultation Call 07 5646 6060