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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ATO Debt Guide – Avoiding recovery action

ATO Debt – What if you don’t pay? Approximately $20 billion of unpaid ATO debt remained outstanding in 2016. Businesses…

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Superannuation Guarantee Amnesty Bill has passed, six months to disclose historical non-compliance before tougher penalties apply…

The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 has now been passed. Finally. Not before there was a fair…

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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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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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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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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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Managing Insolvency Risk and Checklist for Times of Crisis

Technological Advancements and Economic Growth The breadth of technological change and digital disruption has changed businesses approach to managing insolvency…

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