Superannuation Guarantee Amnesty

The ATO estimated that in 2014-2015 alone, employers failed to pay nearly $3 billion in superannuation earnt by workers, or…

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Safe Harbour for Startups

It is often the case that entrepreneurs may encounter several failed startups before they experience success. The journey can be…

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Startups – Protecting Directors, Managing Stakeholders’ Interests

Startups and Safe Harbour Protection for Directors Concerns over inadvertent breaches of insolvent trading laws are frequently cited as a…

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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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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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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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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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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 debts? It’s a rhetorical question – you…

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‘Twilight Zone’ Turnaround, Administration and Safe Harbour Protection for Directors

Twilight Zone – Directors Appointment of Administrators Australia’s stigmatising of corporate failure and the favouring creditors over debtors has given…

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Rescue? ASIC 2016–17 corporate insolvencies

Rescue – Imagine the positive impact to people’s lives if just half of these 8,425 companies could have been turned…

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