How much does a statutory demand cost?
In short
Costs vary by provider and complexity. Statutory Demand Online offers lawyer-reviewed preparation and service of a statutory demand for a flat fee of $999 inc. GST. Additional costs can arise if the debtor applies to set the demand aside, or if winding-up proceedings later follow.
The cost of a statutory demand depends on who prepares it and what happens after it is served. It is worth understanding both the upfront and the potential downstream costs.
Upfront preparation and service
Statutory Demand Online provides lawyer-reviewed preparation and service for a flat fee of $999 inc. GST, with no hidden costs.
Possible further costs
If the debtor applies to set the demand aside, or if you proceed to a winding-up application, there will be additional legal and court costs. These depend entirely on how the matter unfolds.
Do not use a statutory demand for a genuinely disputed debt. If the debtor disputes the debt on genuine grounds, or has an offsetting claim, a statutory demand can be set aside and cost orders may follow. If in doubt, seek advice before proceeding.
References
- Corporations Act 2001 (Cth) — incl. s 459E (statutory demand)
- Corporations Regulations 2001 — prescribed form and statutory minimum
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