Illegal Phoenix Activity Treasurer Scott Morrison says he wants to make sure small businesses avoid falling foul to phoenix activity…
Australia is Adopting a Rescue Culture Australia has seen significant and long overdue positive legislative changes in 2017 and 2018…
Ipso Facto Clause Stay – ’24 days left to have your say’ The Treasury Laws Amendment (2017 Enterprise Incentives No.…
Stage 2 of the Governments two staged legislative reform roll out becomes effective on 1 July 2018 with a stay…
The SME market has had it very tough in Australia – smaller and family businesses have struggled to avoid failure…
Bridge Builder is a poem written by Will Allen Dromgoole. It was possibly first published in 1900 in a rare book entitled ‘A…
Financial Literacy All directors must have some financial literacy in order to fulfil their duties and responsibilities to the company. This…
Twilight Zone When a company is under performing financially, directors might: do nothing or procrastinate; decide to resign or jump…
The laws are changing to allow directors to attempt a turnaround or restructure outside of a formal insolvency regime –…
Voluntary Administration – Directors lose control The public and the media do not differentiate between liquidation and voluntary administration. Australia’s…
Who would want to be a director? The Business Judgement Rule is poorly understood and underutilised. Being a ‘director’ is…
SafeHarbour for directors from insolvent trading – effective 19 September after royal assent the day prior. On 11 September 2017, the Treasury Laws Amendment (2017…