News
Substantial Reforms Impacting Directors are on the Way
Last year in a client newsletter we outlined the consultation process leading to potential Phoenix reform legislation, and we now note that legislation is before Parliament, Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019, that brings those reforms into the light.
Read moreThe Importance of Contribution Margin
As advisers to businesses in financial difficulty we are often called into meetings to help Directors focus on what is important in their turnaround/restructuring plans. We regularly help these discussions progress by focussing on contribution margin.
Read moreAdvisory Board Concerns
The trend for the formation of Advisory Boards for larger private companies has been gaining momentum in Australia over the last few years. We are being asked more regularly questions from Advisory Board members concerning whether they have Officers’ duties and liabilities
Read moreDebt Collection, Setting Aside Pre-Liquidation Transactions and Safe Harbour
There is little point making a sale if you can’t collect the sale proceeds, and therefore it is vital to have an effective credit management methodology that permeates through all phases of the sales cycle. This methodology extends through new client acquisition, ongoing client relationship management and ultimately debt collection.
Read more1-Year Bankruptcy, Why Businesses Fail, Negotiating Payment Plans and Phoenix Law Reform
The Bankruptcy Amendment (Enterprise Incentives) Bill 2017 came before the Senate in late August 2018 and the legislation is now a step closer to becoming effective law.
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