The Australian Tax Office (ATO) is using Director Penalty Notices (DPN) to make directors personally liable for liabilities to ATO. ATO is currently owed about $35 billion from small businesses.... read more →
What is section 66G? Section 66G of the Conveyancing Act 1919 (NSW) provides a legal remedy for co-owners of property who are unable to reach an agreement. It allows any... read more →
There are many benefits available to corporates and family offices that simplify their group structures. Simplifying group structures and inactive companies is an essential strategy for businesses looking to streamline... read more →
This article contrasts Voluntary Administration, where control shifts to an independent administrator, with Small Business Restructure, where directors retain control while restructuring the business. VA is suited for larger, more... read more →
Overview For micro and small businesses (less than $1 million in total debts). SBR is a quick, inexpensive and straightforward formal restructure method. SBR allows directors to remain in control... read more →
Australia has well-established and flexible restructuring and insolvency procedures (formal and also informal). A number of options are available. Informal workout Safe harbour Voluntary administration followed by a deed of... read more →
What is SBR? Small Business Restructuring (SBR) is a process designed to help financially distressed small businesses manage their debts and improve their financial viability. It typically involves creating a... read more →
The Role of Section 66G Section 66G of the Conveyancing Act 1919 (NSW) provides a structured and fair process for resolving co-ownership disputes. This process creates a pathway for resolving... read more →
Understanding the Fintech and P2P Lending Market Peer-to-Peer (P2P) lending, also known as marketplace lending, has become a go-to for borrowers seeking quick approvals, especially those who don’t meet traditional... read more →
What is Happening in the Building and Construction Industry? The building and construction industry is facing a significant increase in insolvencies, raising concerns among industry professionals. As of 25 August... read more →