News & Updates
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Major Change to Registering Security Interests – Personal Property Securities Reform
06-06-2011
PPS stands for Personal Property Securities. Arguably, it is the most fundamental change to company law since the introduction of the voluntary administration regime in 1993. It is set to commence in October 2011. Read More
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Recent Developments in ATO Debt Collection Powers and Changes to Bankruptcy Law
02-08-2010
1. Changes to ATO Director Penalty Notices There have been recent amendments to the Income Tax Assessment Acts in regard to unpaid company taxes. The amendments have been consolidated under the Tax Laws Amendment (Transfer of Provisions) Act 2010 which came into effect on 1 July 2010. Read More
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Professional Advice re Solvency of Business
03-05-2010
Directors of a company are under a positive obligation to ensure that the company does not trade whilst it is insolvent. Should the company continue to trade whilst it is deemed insolvent directors may attract a personal liability for all unpaid debts incurred during the period of insolvency. Read More
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Professional Service Provider in Phoenix Activity
05-01-2010
The Australian Securities and Investments Commission (“ASIC”) has recently taken action against a Sydney Lawyer for his “involvement” in phoenix activities by the directors of eight (8) companies. Read More
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Valuations and Family Law
01-09-2009
The issue of valuing businesses and minority shareholdings in closely held family companies is an interesting area for valuers preparing a valuation for use in Family Court proceedings. Read More