PAST ARTICLES

New rules to stop backdating of directors’ resignations

New rules to stop backdating of directors’ resignations

The Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020. This law includes provisions to stop directors backdating their resignation as director or at all if it would leave the company without a director....

21-Day Director Penalty Notices – You Can No Longer Avoid Liability by Entering into A Payment Arrangement

21-Day Director Penalty Notices – You Can No Longer Avoid Liability by Entering into A Payment Arrangement

The ATO had hit the brakes in collecting tax debts since the start of the COVID-19 pandemic. The ATO however has since the start of 2022 gradually increased its efforts to collect monies owed. ...

What can businesses do now that JobKeeper has ended?

What can businesses do now that JobKeeper has ended?

In March, there were still over 370,000 business and 1 million employees taking advantage of JobKeeper. So now that JobKeeper has ended what will happen to those businesses who relied on it?...

AFSA Warns of Dodgy Insolvency Advisors

AFSA Warns of Dodgy Insolvency Advisors

The Australian Financial and Security Authority (AFSA) has warned the public of potential dodgy insolvency advisors targeting individuals who are...

How voluntary administration saved a Covid-19 impacted business

How voluntary administration saved a Covid-19 impacted business

Voluntary administration can sometimes be the best option for a company in financial difficulty. Especially if a business has been severely impacted by Covid-19. ...

Possible Increase to Statutory Demand Threshold

Possible Increase to Statutory Demand Threshold

Statutory demands can currently be issued by creditors who are owed a debt of at least $2,000 by a company. The Federal Government is considering increasing the threshold to $10,000....

When Is Liquidation The Best Option For Your Company?

When Is Liquidation The Best Option For Your Company?

Is liquidation necessarily bad? Should you avoid liquidation at all costs? Or can liquidation actually be the best thing for your company? This article looks at the key issues of company liquidation....

Bankruptcy threshold now $10,000

Bankruptcy threshold now $10,000

The Federal Government has announced the cessation of the temporary protections and fixed a new threshold at which a creditor can issue of bankruptcy notice at $10,000....

Ending Bankruptcy Early by a Section 73 Composition

Ending Bankruptcy Early by a Section 73 Composition

Our Bankruptcy trustee experience can help you with a Section 73 Composition to assist with exiting a bankruptcy sooner. ...

How Much Can You Earn if You Are Bankrupt?

How Much Can You Earn if You Are Bankrupt?

If you are wondering whether there is a limit as to how much you can if you are bankrupt, you have come to the right place. ...

How Does the Bankruptcy Process Work

How Does the Bankruptcy Process Work

There is often confusion about how the bankruptcy process works. When we meet with clients we provide details of the bankruptcy process and how it will impact them. This article also provides a brief overview. ...

Further Extension of Covid-19 Insolvency Relief From 1 January 2021

Further Extension of Covid-19 Insolvency Relief From 1 January 2021

There are new requirements to access the temporary protections afforded to insolvent businesses and their directors due to Covid-19. We can discuss all the options with you. ...

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