What is a statutory demand?
If your company has incurred outstanding debts, your creditors have the option to serve a statutory demand against you. The statutory demand is a type of debt recovery tool that when served brings consequences for your business.
De Luca Licence Suspension Warning to Construction Sector
Recently, De Luca Corporation had their licence suspended after failing to meet The Queensland Building and Construction Commission’s financial requirements. The building watchdog has since reinstated the licence, but the suspension has served as a reminder of the importance of adhering to the tight financial requirements enforced by the regulatory body.