When a Queensland-based building company is placed in external administration (such as liquidation or voluntary administration), the company’s Queensland Building and Construction Commission (QBCC) licence is generally cancelled immediately. But with a building company liquidation, w...
Is the fear of insolvent trading a concern for you as a company director? If so, the new safe harbour reforms may help you sleep easier at night. In order to prepare you for these reforms, which have recently come into effect, we cover the essentials of what safe harbour protection will mean… ...
Liquidators have a duty to act independently and in the best interests of the creditors of a company. However, creditors and liquidators may see things differently at times. But do creditors have the power to remove a liquidator, if they feel it’s warranted? If so, what is the process for removing a liquidator and getting another one appointed?...
Discover the nine early warning signs of insolvency & find out if your business’s financial problems require professional insolvency advice....
When a small business is having cash flow problems, the owner may stop making payments to the Australian Taxation Office (ATO) so they can pay the other creditors within their required terms By paying the other creditors first, the business can keep trading as normal, and then once the situation imp...
When a builder becomes insolvent, subcontractors often find it hard to get their invoices paid. Here are 25 steps they can take to get what they're owed....
Building company liquidations start a chain reaction of legal and financial consequences. Here's how the different parties are affected....
Is your company facing insolvency? Before you appoint a Liquidator or Voluntary Administrator, why not check out these four alternative options?...
Transferring assets from an insolvent company to a new one can be legal. Here's how to avoid the risk of illegal phoenix activity....
The Australian Taxation Office handles a large number of debts, and chases up businesses in many ways. Here is what to look out for....
In August 2016, the ATO and the ASIC conducted raids on 13 businesses and residences in Brisbane, the Gold Coast and Melbourne. The raids were targeted at one or more pre-insolvency advisors who the ASIC and the ATO suspected may have been involved in facilitating illegal phoenix activity. Illeg...
The ASIC is currently taking steps to combat illegal phoenix activity. The ASIC has advised “illegal phoenix activity is a serious crime and may res...
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