… (g) if a creditor who has obtained against the debtor a final judgment or final order, being a judgment or order the execution of which has not been stayed, has served on the debtor in Australia or, by leave of the Court, elsewhere, a bankruptcy notice under this Act and the debtor does not:
(ii) where the notice was served elsewhere–within the time specified by the order giving leave to effect the service;
comply with the requirements of the notice or satisfy the Court that he or she has a counter-claim, set-off or cross demand equal to or exceeding the amount of the judgment debt or sum payable under the final order, as the case may be, being a counter-claim, set-off or cross demand that he or she could not have set up in the action or proceeding in which the judgment or order was obtained
More info on Bankruptcy?
BANKRUPTCY ACT 1966 – SECT 41
(i) is of the kind described in paragraph 40(1)(g); and
(ii) is for an amount of at least the statutory minimum; or
(i) are of the kind described in paragraph 40(1)(g); and
(ii) taken together are for an amount of at least the statutory minimum …
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