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Should Australian businesses start worrying now about the cost of debt?
Management should prepare now for an increase in debt costs to avoid any negative impact on their business operations.
BRI Ferrier
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Taxation Administration Act: director penalty notices
ATO is frequently using their powers to issue DPNs to directors who fail to comply with certain tax obligations. .BRI Ferrier - Article
ATO collection powers for debt recovery - garnishee notices, statutory demands, bankruptcy notices
Non-payment of debts by the taxpayer may result in liquidation or bankruptcy, once proceedings are issued by the ATO.BRI Ferrier - Article
The inevitability of evolution, after COVID-19
Commonwealth and State undertakings designed to keep the economy alive will need to be amended to get it growing again.BRI Ferrier - Article
Acting on M&A opportunities emerging as a result of the coronavirus
Four tips for optimising a successful acquisition during this period of heightened volatility and uncertainty.BRI Ferrier - Article
Safe harbour and ipso facto clause reforms in corporate insolvency laws: a safe harbour or a pirate cove?
The new legislation aims to promote a culture of entrepreneurship and a reduction in the stigma around company failure.BRI Ferrier - Article
COVID-19 business interruption: test case update
judgments handed down in the COVID-19 business interruption test cases have been the Gifts that Keep on Giving.BRI Ferrier - Article
Directors owe a duty to exercise reasonable care and diligence to prevent the harm breaches of the law may involve
The decision provides clarity on the concept of material prejudice in the context of s254T(c) of the Corporations Act.BRI Ferrier - Article
What is an account of profits?
All about the equitable remedy, an account of profits including matters requiring an account of profits.BRI Ferrier - Article
What is an award of damages?
A plaintiff may seek an award for damages after suffering economic loss from the complained conduct of another party.BRI Ferrier - Article
Directors duties and restructuring options for charities and Not for Profits in the COVID-19 era
Advice for charities struggling in this pandemic including a discussion about temporary safe harbour provisions.BRI Ferrier - Article
Financial information management – the key to business survival
Since 2005 financial year, ASIC has tracked the most common causes of business failure.BRI Ferrier - Article
Whats normal to the spider is chaos to the fly…ATO measures to manage escalating tax debt
In this article, we discuss the ATO's recent changes and the implications for small and medium-sized enterprises (SMEs).BRI Ferrier - Article
What is a loss of opportunity?
What is a loss of opportunity? Includes advice of proving loss of opportunity & quantifying it.BRI Ferrier - Article
Compulsory divesting of shares under a deed of company arrangement
Divesting shares for no consideration under a DOCA does appear to be a drastic measure for a deed administrator to adopt.BRI Ferrier - Article
Time to act - Director Identification Number (DIN)
The DIN system aims to reduce the risks of fraudulent or illegal phoenix activity, so all company directors need a DIN.BRI Ferrier - Article
Personal Property Securities Act: Part 2 – Case studies
In this article, we highlight some of the most interesting cases we have been involved in that relate to the PPSA.BRI Ferrier - Article
Corporate health group uses Deed of Company Arrangement to get its own fitness back on track
The DOCA provided a distribution to unsecured creditors, met all employee entitlements and paid out high-interest loans.BRI Ferrier - Article
FTX – New world technology - Old world reasons for failure
John Ray identifies reasons for the FTX group's failures & discusses the lessons to be learnt from this failure.BRI Ferrier - Article
Understanding Members' Voluntary Liquidations: An exit strategy
MVL can be a structured and cost-effective pathway to dissolve a solvent company, maximising returns to its shareholders.BRI Ferrier