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Hot on the heels of CGU Insurance Limited v Porthouse, another non-disclosure decision has demonstrated the need for companies to disclose matters relevant to the risk of insolvency.

Treasury released a consultation paper on a definition of charity to apply for all Commonwealth laws from July 2013.

As previously reported by K&L Gates (blog post | October ESG Update), the Australian Accounting Standards Board released its exposure draft of the Australian Sustainability Reporting Standards (ASR Standards)...

Voidable transactions undermine the equitable distribution of assets in the administration of an insolvent company.

Creditor funding of liquidator recovery actions has become increasingly popular, and was recently considered by Austin J of the New South Wales Supreme Court in Welded Mesh v APS Group Pty Ltd (2006) 59 ACSR 602; [2006] NSWSC 1080.

2006 may be remembered by the insolvency profession for the collapse of the Westpoint Group, which engaged in property development across Australia with use of investors’ funds in mezzanine style finance arrangements.

As of 30 June 2024, there were 2.66 million actively trading businesses in Australia—nearly 1 million of them employing staff.

The Government has released its long-awaited Exposure Draft Bill altering the GST liability of insolvency practitioners.

Between August 2025 and August 2026, ASIC issued 27 infringement notices totalling $5,213,400 and secured three court-imposed fines totalling $1,170,000 for financial reporting breaches under the Corporations Act 2001. The enforcement campaign targeted late lodgement and non-lodgement of annual financial reports, with major retailers and corporate groups among those penalised. ASIC's surveillance engaged 217 companies, finding 70% non-compliant, and has signalled continued enforcement action with multiple i

The Government consults on what the core organisational governance principles applying to a registered NFP should be.

Treasurer announces the release of an exposure draft regarding changes to public ancillary funds.

Considering that creditors usually have assessed the merits of litigation funding, and the cost of going to court, making court approval a mandatory step does not appear justified.

The Australian Federal Government has just released its budget for 2023-24. The K&L Gates tax team outlines the key announced tax measures and our instant insights into what they mean for you in practice.

In cases involving fraud, corruption, and intentional asset dissipation, legal practitioners often find themselves advocating for clients who have suffered substantial losses...

Australian charities operate in a position of significant trust. They safeguard public funds, deliver essential services and support some of the most vulnerable members of the community.

Taxation Laws Amendment (2004 Measures No.3) Act No.105 of 2004 has made amendments to the changes made in 2002 to taxation of venture capital investments in Australia.

Pursuing complex recovery actions such as claims against valuers and brokers can be a lengthy process. If the loan accounts in question are kept active, lenders frequently encounter reporting and compliance issues because of the age of the debts.