The ATO began writing to directors early 2022 in relation to unpaid tax. The tax office intended on informing directors…
ATO Debt – What if you don’t pay? Approximately $20 billion of unpaid ATO debt remained outstanding in 2016. Businesses…
The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 has now been passed. Finally. Not before there was a fair…
An informal restructure can give your distressed business the breathing space it needs to gain a competitive advantage. Insolvency Academic…
The ATO estimated that in 2014-2015 alone, employers failed to pay nearly $3 billion in superannuation earnt by workers, or…
Illegal Phoenix Activity Treasurer Scott Morrison says he wants to make sure small businesses avoid falling foul to phoenix activity…
Financial Literacy All directors must have some financial literacy in order to fulfil their duties and responsibilities to the company. This…
The laws are changing to allow directors to attempt a turnaround or restructure outside of a formal insolvency regime –…
When did you sign to agree to be personally liable for your company’s tax debt? It’s a rhetorical question –…
Voluntary Administration – Directors lose control The public and the media do not differentiate between liquidation and voluntary administration. Australia’s…
Technological Advancements and Economic Growth The breadth of technological change and digital disruption has changed businesses approach to managing insolvency…
SafeHarbour for directors from insolvent trading – effective 19 September after royal assent the day prior. On 11 September 2017, the Treasury Laws Amendment (2017…