A Statutory Demand sets out the amount you must pay and when, and explains the steps the creditor can take against your business if you do not make the payment within that timeframe.
The demand will include the name and address of the creditor, details of how the debt arose and any interest or charges the creditor has added to the debt. Importantly, it also informs you of your right to apply to the court for an injunction to prevent a Winding Up Petition from being issued against your company.