This latest success story is testament to our extensive experience in Director Penalty Notice Defence. Our client, a former company director, was facing legal action from the Australian Taxation Office (ATO) over a disputed director penalty notice. But we defeated the claim. If you’re wondering how to get out of a fixed penalty notice, read on to find … Read more
Any Small Business struggling with debt of less than $1 million can now apply for the Government’s Small Business Restructure programme. How does it work and how do you qualify? Read on.
The wheels of justice finally caught up with these two. Former pre-insolvency adviser Stephen O’Neill has been sentenced at Brisbane District Court to five years in prison with a non-parole period of 22 months, after pleading guilty to one charge of dealing in the proceeds of crime. Mr Narramore, who was also charged with dealing … Read more
Where a voluntary administrator is appointed after a winding up application is filed and the matter is contested the Court will often be faced with a decision as to let the incumbent administrator continue as liquidator or appoint the creditor’s preferred choice. This West Australian case is the most recent decision on point in favour … Read more
Looking for a complimentary presentation for in-house education or a client event? We presently have a selection of presentations ready to go. Guiding the Director If you can’t generate $50,000 in fees of the back of this presentation- you must not have been there! A specialised session for advisers filled with practical advice about the … Read more
A licensee may not be able to utilise the shelter of the Bankruptcy Act 1966 to restructure their affairs or have a new beginning in the way that others might. The reason for this is that the state government imposes heavy burdens on builders who suffer an insolvency event. Queensland has the clearest and most … Read more
The Federal government has introduced a new set of laws to prevent directors from being prosecuted for insolvent trading so long as the ‘safe harbour’ provisions of the Corporations Act 2001 (Cth) are complied with. Here is a link to the sections starting at s588GA For the protections to take effect you need to: 1. … Read more
Deregistering an inactive or dormant company is a relatively simple and inexpensive exercise. Before deregistering a company it is very important to take the time to consider whether the company truly qualifies for deregistration. The ASIC form requires you to make the following declaration: I declare that the statements below are correct. (a) All members … Read more
Effective and well considered terms of trade document can save you a significant amount of money in the long run and potentially pay for itself very quickly