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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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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Recovery Provisions – Trading a Business out of Financial Difficulty  

The laws are changing to allow directors to attempt a turnaround or restructure outside of a formal insolvency regime –…

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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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Business Judgement Rule – Directors Duty of Care & Diligence

Who would want to be a director? The Business Judgement Rule is poorly understood and underutilised. Being a ‘director’ is…

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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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