Media

Temporary Relief for Directors Personal Liability for Trading Whilst Insolvent

20th, October 2020

Readers may possibly recall that the Federal Government announced a raft of temporary relief measures in late March 2020, some of which were aimed at giving directors of companies’ confidence to trade through Covid-19.

COVID-19 – TEMPORARY RELIEF MEASURES

20th, October 2020

On 22 March 2020 the Government announced temporary relief for financially distressed companies, to help businesses get to the other side of the Coronavirus crisis. These provided a regulatory shield for businesses as part of the hibernation strategy.

Temporary Relief for Directors Personal Liability for Trading Whilst Insolvent

7th, October 2020

Readers may possibly recall that the Federal Government announced a raft of temporary relief measures in late March 2020, some of which were aimed at giving directors of companies’ confidence to trade through Covid-19. One such important measure was that…

Temporary Relief Measures for Financially Distressed Businesses Extended – Proceed with Caution

9th, September 2020

The Federal Government announced on 7 September 2020 a further extension to 31 December 2020 of temporary relief measures that were previously set to expire on 24 September 2020. Curiously, such measures were announced within 24 hours after the Victorian Premier…

Why strong emotional cashflow is critical for success

21st, July 2020

Covid 19 was first confirmed in late January 2020. Subsequently on 20 March 2020 restrictions such as the closing of our borders and social distancing were introduced. Since these restrictions were introduced, I have read and listened to webinars regarding…

Beware of Zombie Companies Post Covid-19

21st, May 2020

The proliferation of zombie companies pre Covid-19 has largely been fuelled by reduced financial pressure. Examples being financial institutions continuing to offer (or not otherwise call in) finance to non-viable companies and also the impact of lower interest…

Directors Personally Liable for GST

30th, January 2020

Directors can already be held personally liable for Pay-As-You-Go [“PAYG”] and Superannuation Guarantee Charge [“SGC”] liabilities of a company in certain circumstances via the Director Penalty Notice [“DPN”] regime. 2020 is very likely to see legislation…

Bankruptcy & Financial Rehabilitation of Individuals

16th, October 2019

Bankruptcy is a concept that is frequently misunderstood, particularly given that in Australia it relates to the affairs of an individual as opposed to a company (noting in America the term is used for both). It can also conjure up in an uninformed individual’s…

It doesn’t need to always end in bankruptcy?

19th, August 2019

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 if the individual had talked about…

Our Locations

Sydney CBD

Level 13, 189 Kent Street
SYDNEY NSW 2000
P: 61 2 9251 5222
F: 61 2 9247 5911

Western Sydney

Suite 301, Level 3 – 4 Columbia Court
Nexus Building, Norwest Business Park
BAULKHAM HILLS NSW 2153
P: 61 2 9894 9966

South West Sydney

Studio 2, Shops 10-11
38 Exchange Parade
NARELLAN NSW 2567
P: 61 2 4647 7468

Jones Partners - light at the end of the tunnel

Member of:

Helping individuals, directors and business owners effectively deal with financial distress and a focus on the future.