Director Penalty Notices
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 […]
Construction Industry Crisis – Why?
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 […]
Business Plans
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 […]
Case Study: A Voluntary Administration Success Story
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 […]
What we can do to give a Restructuring Company the best opportunity to survive
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 […]
In Search of Melissa Caddick and the Missing Money
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 […]
Small Business Restructuring Plan
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 […]
Proposal to Reduce the Bankruptcy Period to 1 year
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 […]
To Plan or Not to Plan – How Much Are You Prepared to Risk?
By Bruce Gleeson and Mark Marlow If you are ill or suffering pain, you are likely to go and see your doctor. The illness or pain will either not be too serious, and the doctor will prescribe a remedy, or […]
It doesn’t need to always end in bankruptcy?
by Bruce Gleeson Over the twenty-five (25) years that I have been advising individuals who have been in some form of financial difficulty, I believe between 15-20% of those bankruptcies to which I have been appointed could have been avoided […]
Bankruptcy & Self Managed Superannuation Funds – will you be able to continue to manage it?
By Daniel Soire Many individuals, in particular business owners, are now choosing to control the destiny of their superannuation through the use a Self Managed Superannuation Fund (“SMSF”). The Australian Taxation Office (“ATO”) statistics suggest that there are now more […]
Should I transfer the family home – Beware!!
by Daniel Soire We are continually surprised by individuals who transfer ownership of their property (usually the family home) to a co-owner or family member for no consideration or for consideration of less than market value who when they subsequently become bankrupt think that […]