New Directors: sitting on a ticking time bomb?

New directors can find themselves sitting on a time bomb if they didn’t do their due diligence ahead of taking…

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Trading Ability – checklist for directors & officers

The announcement of temporary relief for directors for insolvent trading personal liability – or the new ‘COVID-19 Safe Harbour‘ –…

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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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Making sure you are getting paid by your customers…

Every business owner knows that getting paid by your customers is not easy. Imagine this scenario… A major customer of…

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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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Directors Safe Harbour – Risk & Innovation

The Directors Safe Harbour can be useful for entrepreneurs as it can help embrace risk and encourage innovation. It is…

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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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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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