Feb 2022 Newsletter

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LOOK BOTH WAYS. SME DIRECTORS NEED TO NOTE STATUTORY AND GENERAL LAW DUTIES TO AVOID ENFORCEMENTS ISSUES.

by Shaw Gidley02.03.22

As a director of a small to medium enterprise (SME) you may be keeping your eye more closely on your duties under the Corporations Act 2001 (Cth) (the Act) in the current trading environment.
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 154 Shaw Gidley 220421 Hi Res

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2021 IN REVIEW QUIET TIMES FOR CORPORATE UNDERTAKERS

by Jeff Shute17.12.21

Government pandemic support measures resulted in 2021 being a quiet year for insolvency and turnaround professionals.
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 Sam August - Family Home in Bankruptcy

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WHAT 'EVIDENCE' CAN SAVE THE FAMILY HOME IN BANKRUPTCY?

by Shaw Gidley05.10.21

Protecting the family home is often front-of-mind when one partner in a relationship undertakes some form of financial risk.
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 Sam 06. July - GSTs many moving parts leave Administrators out of pocket

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GST’s MANY MOVING PARTS LEAVE ADMINISTRATORS OUT OF POCKET

by Shaw Gidley29.07.21

The issues of particular relevance in this case are the mismatch between accounting methods between the Company and the Administrators
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 Sam 05. May - Unfair Preferences and the End of the Peak Indebtedness Rule

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UNFAIR PREFERENCES AND THE END OF THE PEAK INDEBTEDNESS RULE

by James Shaw08.06.21

The rule applies during the relation-back period where there is preference payment, and where the creditor and debtor have a running balance account.
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DIRECTOR RESIGNATIONS

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DIRECTOR RESIGNATIONS: NEW LAWS APPLY FROM 18 FEBRUARY 2021

by Paul Gidley15.03.21

The reforms prohibit company directors from improperly backdating their resignation or leaving a company with no directors
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INSOLVENCY AND THE EFFICIENT USE OF SCARCE RESOURCES

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INSOLVENCY AND THE EFFICIENT USE OF SCARCE RESOURCES

by Paul Gidley08.03.21

The reality is that insolvency law and its proper administration are fundamental to ensuring our economy has accountability, along with an efficient, reliable, competitive and transparent marketplace.
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CORPORATE RECOVERY & RECONSTRUCTION IN AUSTRALIA - WHAT'S MISSING?

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CORPORATE RECOVERY & RECONSTRUCTION IN AUSTRALIA - WHAT'S MISSING?

by Paul Gidley16.12.20

The new insolvency reforms and legislative amendments are to be found in Part 5.3B of the Corporations Act, aptly named “Restructuring of a Company”.
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 Blog Blog_HelpSomeoneDebt

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HOW TO HELP SOMEONE ELSE IN DEBT

by Shaw Gidley17.09.20

Seeing a friend struggling in debt is hard, but helping them work their way through is the best thing you can do.
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relief after reducing or eliminating debt

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10 WAYS TO REDUCE OR ELIMINATE DEBT

by Jeff Shute04.09.20

Debt is a huge thing to have hanging over your head, reducing or eliminating it can be a daunting task, however with these simple steps you can tackle it one piece at a time.
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ARE CASUAL ENTITLEMENT CLAIMS THE NEXT BIG BLOW FOR SMES?

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ARE CASUAL ENTITLEMENT CLAIMS THE NEXT BIG BLOW FOR SMES?

by Jeff Shute03.09.20

If the pandemic is a king-hit for many Small and Medium Enterprises (SMEs), possible back-payment of leave entitlements to casual employees could be the final blow.
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SHAREHOLDER AGREEMENTS TAKE THE ROMANCE OUT OF THE RELATIONSHIP. AND THAT’S A GOOD THING.

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SHAREHOLDER AGREEMENTS TAKE THE ROMANCE OUT OF THE RELATIONSHIP. AND THAT’S A GOOD THING.

by Paul Gidley30.06.20

The closer the relationship, the harder it hurts when things fall apart. This is equally true in romantic and business relationships.It’s a common story.
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