Receiving a Statutory Demand A Statutory Demand is very different to a standard letter of demand issued by a creditor.…
It is often the case that entrepreneurs may encounter several failed startups before they experience success. The journey can be…
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…
The Treasury Laws Amendment (Enterprise Incentives No 2) Bill 2017 provides a Safe Harbour for directors against insolvent trading personal…
ASIC Insolvency Statistics On further investigation, the ASIC insolvency statistics provide some interesting insight, according to Jason Harris, Associate Professor UTS Faculty…
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…
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…
Directors Safe Harbour Protection from Insolvent Trading Personal Liability The Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Bill 2017…
When did you sign to agree to be personally liable for your company’s debts? It’s a rhetorical question – you…
Support for the carve-out model – Safe Harbour The Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Bill (“the Bill”)…
Twilight Zone – Directors Appointment of Administrators Australia’s stigmatising of corporate failure and the favouring creditors over debtors has given…
Rescue – Imagine the positive impact to people’s lives if just half of these 8,425 companies could have been turned…