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CORPORATIONS ACT 2001 - SECT 459J Setting aside demand on other grounds

CORPORATIONS ACT 2001 - SECT 459J

Setting aside demand on other grounds

  (1)   On an application under section   459G, the Court may by order set aside the demand if it is satisfied that:

  (a)   because of a defect in the demand, substantial injustice will be caused unless the demand is set aside; or

  (b)   there is some other reason why the demand should be set aside.

  (2)   Except as provided in subsection   (1), the Court must not set aside a statutory demand merely because of a defect.