COVID-19 Safe Harbour for Directors

In response to the pandemic, a range of economic measures have been announced. Referred to as the COVID-19 Safe Harbour,…

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Informal restructure – breathing space needed for competitive advantage

An informal restructure can give your distressed business the breathing space it needs to gain a competitive advantage. Insolvency Academic…

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New phoenixing laws expose advisors to the fire…

Harry Potter might have been able to escape the government’s clutches with the help of a phoenix, but you and…

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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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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 Clause Stay – Exclusions

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

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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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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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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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Tax Debt. No longer just Directors Penalty Notices, multiple changes are underway…

When did you sign to agree to be personally liable for your company’s tax debt? It’s a rhetorical question –…

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Voluntary Administration v Safe Harbour Protection for Directors

Voluntary Administration – Directors lose control The public and the media do not differentiate between liquidation and voluntary administration. Australia’s…

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SafeHarbour – Director Protection From Insolvent Trading

SafeHarbour for directors from insolvent trading – effective 19 September after royal assent the day prior. On 11 September 2017, the Treasury Laws Amendment (2017…

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