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PAST ARTICLES

Liquidation of a Solvent Company by Members’ Voluntary Liquidation

Liquidation of a Solvent Company by Members’ Voluntary Liquidation

A members’ voluntary liquidation (MVL) is the formal process of winding up a solvent company. During the MVL process, any surplus assets are distributed to a company’s members and the company is ultimately deregistered. ...

Superannuation Guarantee Amnesty Becomes Law

Superannuation Guarantee Amnesty Becomes Law

On 6 March 2020, the Federal Government introduced a Superannuation Guarantee Charge (SGC) amnesty. The amnesty allows employers to disclose and pay previously unpaid SGC whilst taking advantage of some benefits. ...

Impact on Business of Coronavirus; Business Tax Debts

Impact on Business of Coronavirus; Business Tax Debts

The coronavirus has had a massive impact on businesses. Whilst there are various government support schemes in place, many businesses have been losing money and one of the first things that businesses stop paying are tax debts. ...

Covid-19 Disruption: Options for Businesses Which are Not Currently Viable

Covid-19 Disruption: Options for Businesses Which are Not Currently Viable

mothball [verb] - to withdraw from use or service and keep in reserve; to stop work on an idea, plan or job, but leaving it in such a way that you can start on it again at some point in the future. ...

Confronting Coronavirus Disruption to Business

Confronting Coronavirus Disruption to Business

There have already been many businesses which have been financially impacted by coronavirus.  In this article we look at what thoses businesses can do and how we can help. ...

Coronavirus; 8 tips for businesses in distress

Coronavirus; 8 tips for businesses in distress

This article is based on a publication issued by the Australian Restructuring, Insolvency and Turnaround Association, of which we are full members. The original article is available here...

Coronavirus; Business survival guide

Coronavirus; Business survival guide

Coronavirus has already had a devastating impact on businesses and it appears that the health impact could last for at least six months. The aftermath will be felt by businesses for years after this. ...

Coronavirus and lease agreements; How we can help commercial tenants

Coronavirus and lease agreements; How we can help commercial tenants

Most businesses have now been impacted by coronavirus. This has resulted in reduced trade or even forced shutdowns, with further government-enforced shutdowns likely to come. For a lot of businesses, their major ongoing expense is premises rent. ...

Is Coronavirus Affecting your Business? We can Help.

Is Coronavirus Affecting your Business? We can Help.

Coronavirus has already had a devastating impact on businesses. And at this stage, it appears the health effects could last for at least six months. ...

New anti-phoenixing laws passed; how will they apply?

New anti-phoenixing laws passed; how will they apply?

The Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 was passed by Federal Parliament in February 2020. The legislation introduces anti-phoenixing criminal offences including for those who facilitate illegal transactions and it provides a mechanism for Liquidators and ASIC t...

Is my Business Insolvent?

Is my Business Insolvent?

Most businesses we see have been insolvent for many months or years prior to the business owners coming to us. Sometimes this is because business owners don’t know that their business is insolvent or approaching insolvency. ...

Can You Turn Your Business Around?

Can You Turn Your Business Around?

Often financial problems can be resolved without the need for a company to go into liquidation. When we meet with a client, we will consider their circumstances and explore with them all options which may be available. ...

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