Australian Taxation Office (ATO) is continuing to issue Director Penalty Notices (DPN) to recover outstanding tax. Good. What is a Director Penalty Notice? A DPN is a formal notice issued... read more →
Current State of Small Business Debt A recent speech from ATO Deputy Commissioner Will Day indicates that while there has been a slowdown in ATO debt growth, collectable debt remains... read more →
What is Provisional Liquidation? Provisional liquidation is a process under the Corporations Act 2001 (Cth) where a company is placed into a temporary form of liquidation by court order. A... read more →
As 2024 draws to a close, we wish you a wonderful holiday season and new year. From ATO debt recovery issues to SBR and property disputes, our 2024 blogs and... read more →
Below, we share insights and case studies that highlight our role and strategies in addressing diverse financial challenges. Case Study: Building & Construction Levi Consulting was appointed liquidator for a... read more →
Overview Voluntary administration is a corporate rescue process under Australia's Part 5.3A of the Corporations Act 2001. The primary aim is to maximise the chances of the company’s continuation through... read more →
CreditorWatch’s recent Business Performance Report reveals troubling trends for the hospitality sector, with 16.2% of businesses rated as high risk and a projected closure rate of 8.9% over the next 12 months. Key... 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 →
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 →