Harry Potter might have been able to escape the government’s clutches with the help of a phoenix, but you and…
Every business owner knows that getting paid by your customers is not easy. Imagine this scenario… A major customer of…
The ATO estimated that in 2014-2015 alone, employers failed to pay nearly $3 billion in superannuation earnt by workers, or…
Startups and Safe Harbour Protection for Directors Concerns over inadvertent breaches of insolvent trading laws are frequently cited as a…
UK Turnaround – Safe Harbour: Could Australia’s new insolvency legislation be a model for the UK? UK turnaround is a…
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.…
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…
The laws are changing to allow directors to attempt a turnaround or restructure outside of a formal insolvency regime –…
Snippets from the TMA (Turnaround Management Association) December Newsletter – 2017 Year in Review The highlight for 2017 and a…
When did you sign to agree to be personally liable for your company’s tax debt? It’s a rhetorical question –…
Support for the carve-out model – Safe Harbour The Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Bill (“the Bill”)…
Voluntary Administration – Directors lose control The public and the media do not differentiate between liquidation and voluntary administration. Australia’s…