Presented by Jones Partners (Statistics obtained from AFSA Website) June 2023 Totals Personal Insolvency Trends Personal insolvency statistics for June declined slightly from the previous month, which had recorded a total 625 bankruptcies. The most common industries for affected individuals […]
Presented by Jones Partners The Parliamentary Joint Committee on Corporate and Financial Services recently conducted an inquiry (“The Inquiry”) into the efficacy of corporate insolvency law within Australia. The Inquiry contained both commentary and recommendations for the current system. The […]
Presented by Jones Partners Jess (Trustee), in the matter of Lostitch (Bankrupt) v Lostitch [2022] FedCFamC2G 342 FACTS This case concerned the contest between the Trustees of the Bankrupts (Mr and Mrs Lostitch) and their daughter, Rebecca Goodie (‘Ms Goodie’) […]
Presented by Jones Partners Inflation: 6.0 per cent Inflation continues to decline, and whilst progress was initially slow, a more meaningful reduction this past month has occurred. Increasing trade with China (alleviating supply chain issues and increasing supply) and increasing […]
Presented by Jones Partners Since the pandemic, the nature of productivity within Australia has been a hot topic of discussion. Productivity, which refers to how efficiently goods and services can be produced, has been slowing for decades. Productivity describes a […]
Presented by Jones Partners (Statistics obtained by ASIC website) © Australian Securities & Investments Commission Corporate Insolvency Trends The above statistics show a comparison in 2022, 2023 and base line (2017, 2018, 2019) highlighting the total numbers of administrations and […]
Presented by Jones Partners The Matter – Construction Industry Incorporated in May 2006, the company provided polished concrete architecture for kitchens, bars, barbeques, stair treads and street and furniture monuments. The company encountered financial difficulty, with accrued statutory debt of […]
Presented by Jones Partners It is widely known that the Sydney rental market is currently under significant pressure. Excessive demand, low vacancy, increased immigration, high cost of living and a growing population are all contributing to a tense climate. However, […]
Presented by Jones Partners Inflation: 7.0 per cent After a series of aggressive cash rate hikes implemented by the RBA, inflation has most likely peaked, and is now slowly beginning to fall. However, the most recent, surprise hike at the […]
By Natasha Hayne The term zombie company is a term used to describe a distressed company. These companies usually have extensive debt, with revenue that just enables them to just meet those fundamental running and fixed costs (rent, wages, interest […]
Presented by Jones Partners (Statistics obtained from AFSA website) Personal Insolvency Trends Insights from AFSA indicate the past few years recorded a sharp decline in cases of personal insolvency. AFSA have also projected that cases would begin to climb into […]
Presented by Jones Partners (Statistics obtained from ASIC website) © Australian Securities & Investments Commission Corporate Insolvency Trends The above statistics show a comparison in 2022, 2023 and base line (2017, 2018, 2019) highlighting the total numbers of administrations and […]