News & insights.
Background W. Simons & Sons (Aust) Pty Ltd, trading as Simons Boilers, a longstanding name in industrial steam and hot…...
Disclaimer: While we've aimed to keep this post engaging, financial distress is no joke. The earlier you seek advice, the…...
In the high-stakes soap opera of Australian small business, there comes a moment when the dramatic music swells, the camera…...
The Reserve Bank of Australia's April 2025 Financial Stability Review includes a standout Focus Topic: The Recent Increase in Company…...
We apologise up-front for the irreverent sense of humour but rest assured we can always be counted on for sage…...
Imagine this: It's a typical Tuesday morning. You're sipping your coffee, checking emails, when suddenly your heart skips a beat.…...
The Australian building and construction sector is experiencing unprecedented levels of financial distress. ASIC's latest data (February 2025) reveals 7,485…...
I don’t know why the ATO continues to have a distressed debtors ledger when it has access to live data.…...
The landscape of lending is undergoing a dramatic transformation with the rise of fintech, peer to peer and non-bank lenders.…...
Corporate groups and family-owned groups often possess subsidiaries that no longer fulfil their purpose or are redundant. Levi Consulting offers…...
Understanding Section 66G Imagine a three-way tug-of-war over a family home, or business partners locked in an endless stalemate over…...
Australian Taxation Office (ATO) is continuing to issue Director Penalty Notices (DPN) to recover outstanding tax. Good. What is a…...
Current State of Small Business Debt A recent speech from ATO Deputy Commissioner Will Day indicates that while there has…...
What is Provisional Liquidation? Provisional liquidation is a process under the Corporations Act 2001 (Cth) where a company is placed…...
As 2024 draws to a close, we wish you a wonderful holiday season and new year. From ATO debt recovery…...
What is a Director Penalty Notice (DPN)? A DPN is a Notice that the ATO can send a director. A…...
Below, we share insights and case studies that highlight our role and strategies in addressing diverse financial challenges. Case Study:…...
What is SBR? Navigating financial distress is a daunting challenge for a small business. However, the Small Business Restructuring (SBR)…...
Overview Voluntary administration is a corporate rescue process under Australia's Part 5.3A of the Corporations Act 2001. The primary aim…...
CreditorWatch’s recent Business Performance Report reveals troubling trends for the hospitality sector, with 16.2% of businesses rated as high risk and a…...
The Australian Tax Office (ATO) is using Director Penalty Notices (DPN) to make directors personally liable for liabilities to ATO.…...
What is section 66G? Section 66G of the Conveyancing Act 1919 (NSW) provides a legal remedy for co-owners of property…...
There are many benefits available to corporates and family offices that simplify their group structures. Simplifying group structures and inactive…...
This article contrasts Voluntary Administration, where control shifts to an independent administrator, with Small Business Restructure, where directors retain control…...
Overview For micro and small businesses (less than $1 million in total debts). SBR is a quick, inexpensive and straightforward…...
Australia has well-established and flexible restructuring and insolvency procedures (formal and also informal). A number of options are available. Informal…...
What is SBR? Small Business Restructuring (SBR) is a process designed to help financially distressed small businesses manage their debts…...
The Role of Section 66G Section 66G of the Conveyancing Act 1919 (NSW) provides a structured and fair process for…...
Understanding the Fintech and P2P Lending Market Peer-to-Peer (P2P) lending, also known as marketplace lending, has become a go-to for…...
What is Happening in the Building and Construction Industry? The building and construction industry is facing a significant increase in…...
For the fourth consecutive year, I had the privilege of serving on the organising committee for the AIIP Conference, held…...
How Small Businesses Can Benefit from the Small Business Restructuring (SBR) Process Navigating financial difficulties can be challenging for small…...
What is a Director Penalty Notice (DPN)? A DPN is a Notice that the ATO can send a director. A…...
The Small Business Restructuring (SBR) process and pre-pack administrations are two distinct approaches to addressing financial distress in businesses. Understanding…...
What is Section 66G? Section 66G of the Conveyancing Act 1919 (NSW) provides a structured and fair process for resolving…...
Drawing on real experience, I outline a comprehensive five-stage approach that has proven successful in the turnaround of companies facing…...
Affected clients should consider a Small Business Restructure (SBR). Recent Updates The economic landscape in Australia has tightened, with tax-related…...
Our Experience Levi was appointed as Liquidator for multiple solvent subsidiaries within a corporate group. The Liquidation process of these…...
What is Small Business Restructuring (SBR)? Small Business Restructuring (SBR) is a process designed to help financially distressed small businesses…...
What is section 66G of the Conveyancing Act 1919 (NSW)? Section 66G of the Conveyancing Act 1919 (NSW) deals with the…...
Almost one year later, the Government has yet to initiate law reform based on the PJC’s recommendations. Australia is falling…...
What is Putting Pressure on the Building and Construction Industries? Recently, there has been an increasing number of insolvency appointments,…...
Navigating Distressed Loans and Disputes In our work with distressed loans and disputes, we’ve observed many instances where changes in…...
Levi Consulting has worked extensively with fintech, peer to peer and non-bank lenders to help them identify, mitigate and manage…...
What is section 66G? Section 66G of the Conveyancing Act 1919 (NSW) establishes a formal process for the appointment of…...
Section 66G of the Conveyancing Act 1919 (NSW) establishes a formal process of appointment of trustees for the sale of…...
In recent times, there has been an increasing number of insolvency appointments, particularly for companies in the building and construction…...
Introduction to Small Business Restructuring (SBR) The ATO is commended for its participation as a creditor, and often the only…...
Small businesses should consider the procedure outlined in Part 5.3B of the Corporations Act 2001 (Cth), known as the Small…...
Levi Consulting have developed a Guide for Company Secretaries, CFOs and In-House Counsels. The Guide is suitable for those considering…...
In this article, we consider the ATO’s collection and recovery policy as it is important to understand the mindset of…...
The ATO is adopting a range of targeted strategies in response to the growth in the amount owing to ATO…...
What’s bringing home-builders under pressure? In recent times, there's been a significant contraction within the residential building industry in Australia…...
If you want to sell a property which you co-own in NSW, what happens when the other owner doesn’t? Luckily,…...
A guide to optimising business structures From optimised business structures and governance, to enhanced financial management, and reduced administrative expenses,…...
David Levi has been the principal author of the submission by Association of Independent Insolvency Practitioners (AIIP) to the Parliamentary Joint Committee on…...
Following a two-year moratorium on debt recovery amid the pandemic, the ATO has told businesses that it has recommenced collection…...
Impelus Limited was suspended from Official Quotation on ASX on 27 January 2021. From 8 March 2021, Levi has acted…...
When co-owners are in a dispute over the sale of a jointly owned property, section 66G Conveyancing Act 1919 (NSW)…...
Peer-to-peer (P2P), or marketplace lending, is a form of direct money lending to individuals and businesses that doesn’t involve a…...
The four pillars of the ATO’s debt recovery practices This paper considers the four pillars of the ATO’s debt collection…...
In this article, we consider the ATO’s collection and recovery policy as it is important to understand the mind of…...
While there was expected to be a so-called fiscal cliff following the end of JobKeeper support, we can clearly see…...
The Morrison Government in early May said that it is pursuing further measures to improve the Australian insolvency framework. Announced…...