The Australian Tax Office has announced that whilst it remains committed to engaging with taxpayers about unpaid debts as the economy emerges from the COVID-19 pandemic, where taxpayers don’t engage … [Read more...]
COVID-19 Personal & Corporate Insolvency during Coronavirus
If you are currently experiencing financial distress contact us on (07) 5526 0157 to arrange an appointment to discuss ways we might be able to assist you in facing those challenges. As a … [Read more...]
Statutory Set-off and Unfair Preference Claims
A liquidator appointed to an insolvent company will often seek to recover, as an unfair preference payment, any payments made by the insolvent company to its creditors during the relevant relation … [Read more...]
Priority Employee Entitlements and Liquidations of Corporate Trustees – Position Clarified but Legislative Reform is Required
A recent decision of the Victorian Supreme Court has highlighted the need for legislative reform with regards to the Corporations Act 2001 (Cth) (the “Act”). Pursuant to section 561 of the … [Read more...]