You’ve received a statutory demand, but you don’t believe there is a proper basis for it. If you decide to contest a statutory demand, then you should be aware that the legal avenues for doing so are limited and strict. This article sets out the most commonly recognised bases for setting aside statutory demands.
In our recent article, we briefly summarised the common grounds for setting aside a statutory demand. In this article, we'll go into more detail regarding what is perhaps the most common challenge to a statutory demand: the 'genuine dispute'.