Illegal Phoenix Activity – Reforms in Budget

Illegal Phoenix Activity Treasurer Scott Morrison says he wants to make sure small businesses avoid falling foul to phoenix activity…

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UK turnaround regime has potential to evolve…

Could Australia’s new insolvency legislation, SafeHarbour, be a model for the UK? According to research published in October 2010 comparing…

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Adopting a business rescue culture – Public Accountant Article

Australia is Adopting a Rescue Culture Australia has seen significant and long overdue positive legislative changes in 2017 and 2018…

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Ipso Facto Clauses Stay – Exclusions

Ipso Facto Stay – ’24 days left to have your say’ The Treasury Laws Amendment (2017 Enterprise Incentives No. 2)…

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Ipso Facto Clauses – Contract Reviews

The Treasury Laws Amendment (Enterprise Incentives No 2) Bill 2017 provides a Safe Harbour for directors against insolvent trading personal…

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Analysis of ASIC Insolvency Statistics by Jason Harris

ASIC Insolvency Statistics On further investigation, the ASIC insolvency statistics provide some interesting insight, according to Jason Harris, Associate Professor UTS Faculty…

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Safe Harbour Disclosure and ASX

Safe Harbour Disclosure On his blog, Australian Loan Restructuring Issues, Geoff discusses Safe Harbour disclosure and taken the implications. The…

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Ipso Facto Clause Stay

Stage 2 of the Governments two staged legislative reform roll out becomes effective on 1 July 2018 with a stay…

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Cyber Security Update – Small Business Guide SA

The Office of the South Australian Small Business Commissioner (SASBC) commenced operations on 29 March 2012 recognising that small businesses…

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Avoiding Failure – Smaller and Family Businesses

The SME market has had it very tough in Australia – smaller and family businesses have struggled to avoid failure…

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Insolvency Warning Signs – cashflow is king

Financial Literacy All directors must have some financial literacy in order to fulfil their duties and responsibilities to the company. This…

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Safe Harbour – Risking Personal Liability to Rescue a Company

Twilight Zone When a company is under performing financially, directors might: do nothing or procrastinate; decide to resign or jump…

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Recovery Provisions – Trading a Business out of Financial Difficulty  

Directors Safe Harbour Protection from Insolvent Trading Personal Liability  The Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Bill 2017…

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