Directors Beware – Extended Personal Liability for Unpaid Superannuation
As an employee how often do you check that your employer is paying your superannuation on time? Would you know how many months your employer might be in arrears? What if you knew that your employer was using your superannuation guarantee (“SG”) contributions…
Bankrupt Estate of Jerry Ren
Appointment Type:
Bankruptcy
Purpose of Notice:
Appointment as Trustee
Date of Appointment:
5 April 2018
Name of Bankrupt:
Jerry Ren
Alias:
Xiaofeng Ren
Appointee Name:
Bruce Gleeson
Contact Person:
Mr Alan Topp - atopp@jonespartners.net.au
Contact…
Sydney Online Material Handling Liquidation
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Details of sale:
Sale of goods from Forklift Warehouse
Under instructions from the Liquidator, Mr Bruce Gleeson of Jones Partners.
Buyers can bid from anywhere in Australia exclusively via PicklesONLINE. The start time for this auction is Thursday,…
Bankruptcy & the Age Pension – Not all what it seems!
As Bankruptcy Trustees, we are often asked to assist individuals of many and varied ages on personal insolvency options available to them. Individuals generally have differing financial circumstances and the advice provided needs to be considered on a case…
Crowd Source Funding for Retail Investors. Good idea or the potential for them to be the new Ponzi scheme?
The Corporations Amendment (Crowd Source Funding) Bill 2016 is due to come into operation on 29 September 2017. Crowd Source Funding (“CSF”) continues to be a popular way that allows entrepreneurs/start-ups to raise funds from many investors. Until recently…
Phoenix Activity – Exposing Fraudulent Directors
Whilst it is difficult to accurately determine the true cost of “phoenix activity” primarily due to a lack of relevant data, it has been estimated to cost the Australian economy in the vicinity of $3.2 billion per annum. (1)
What is phoenix…
Bankruptcy and Family Trusts – Are They Still Effective?
Family Trusts have and will continue to be used into the future for a variety of purposes, in particular asset protection. Most Family Trusts notably have a Corporate Trustee. As a Registered Bankruptcy Trustee, I am quite often asked by individuals who may…
Attitude & Corporate Insolvency Profiles 2016
One of my favourite Winston Churchill's quotes is so relevant to directors and owners in Micro, Small and Medium Enterprises ("MSME"). That is: "attitude is a little thing that makes a big difference".
In December 2016, ASIC released its annual overview of…
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