Presented by Jones Partners (Statistics obtained from AFSA website) Personal Insolvency Trends Statistics collected by AFSA show that the past few years recorded the lowest numbers of personal insolvencies in decades. However, AFSA projections show that numbers are expected to […]
Presented by Jones Partners (Statistics obtained from ASIC website) The first time a company enters external administration or has a controller appointed–Appointment JUNE 30th -29th JANUARY. © Australian Securities & Investments Commission Corporate Insolvency Trends The above statistics show a […]
Presented by Jones Partners The COVID-19 pandemic has rocked the global economy to its core. Supply chain issues and labour shortages brought global trade to a relative standstill. Two years later, Australia emerged from its isolation, only to be presented […]
Presented by Jones Partners It has been nearly 100 years since Australia experienced the Great Depression of the 1930’s. Australians have long forgotten the scale and duration of this Depression, which lasted for nearly three years and led to a […]
by Daniel Robert Soire Recent Changes You Need To Be Aware Of DPNs are issued by the ATO to directors of companies that have overdue tax debts relating to PAYG withholding, net GST and SGC obligations. The ATO must issue […]
By Michael Jones In recent months, we’ve seen a spate of building companies failing in one form or another. The list includes Pro Build, Pivotal Homes and Willoughby Homes to name just a few. How is it that in such […]
By Mark Marlow There is the adage “fail to plan is a plan to fail”. Of course, failure is not inevitable, but more likely invites the question; what am I missing in not having a plan I believe in? A […]
by Daniel Soire We have had a recent Voluntary Administration success story!! But first, what is a Voluntary Administration? A Voluntary Administration is designed to resolve a Company’s future. An independent Registered Liquidator (the Voluntary Administrator) takes full control of […]
by Mark Marlow Readers might recall my article about the Small Business Restructuring Plan (“SBRP”) posted on our website on 23 February 2021. In that article I emphasised the essential elements required for a successful restructure and how the SBRP […]
by Bruce Gleeson On 15th December 2020 Daniel Soire and myself were appointed Provisional Liquidators of Maliver Pty Ltd and Receivers to the property of Melissa Caddick by the Federal Court of Australia pursuant to an application by ASIC. The Caddick […]
by Mark Marlow There was a lot of publicity in the media recently that the Federal Government was introducing new insolvency law reforms effective from 1 January 2021. The reforms are designed to assist small business overcome the impact of […]
by Bruce Gleeson Readers may be aware that the Federal Government introduced measures which came into effect on 1 January 2021 to provide incorporated businesses (i.e., companies) with further options to deal with their financial position, particularly those that may […]