If the Court is satisfied that it is just and equitable, it has the discretion to vest previously disclaimed property.

Understanding the unique nature of Crown debts is essential for advisors and clients to make informed decisions.

Given the right circumstances, "without prejudice" communications can be made admissible in court.

The method used to charge for products or services is critical to how much income is generated and profit created.

Step one in improving the health of a business balance sheet is undertaking a comprehensive review of the debtors ledger.

This article unpacks how HECS-HELP, tax debts, and tax refunds are treated once someone enters bankruptcy.

Advisors should also be alert to whether a client is acting as a shadow director

Despite any sale contract terms about who is responsible for the employee entitlements, the Fair Work Act rules prevail.

Securing a loan when the company is solvent is an important aspect of asset protection and risk management.

The SBR process is not available to all companies and there are certain eligibility criteria to be met.

What happens to my pay and super when my workplace goes into liquidation?

Lessons in the importance of obtaining professional advice and documenting business transactions.

The Australian National Audit Office's recent review of the ATO's management of small business collectable debt reveals significant findings that will reshape how tax authorities approach debt recovery. With small business debt reaching $35.9 billion and the ATO accepting all eight recommendations for reform, advisers and business owners face a new landscape of firmer collection activity and heightened accountability. Understanding these changes and their implications for unpaid tax liabilities, director pe

Food and Beverage recorded the highest failure rate of all industries in October 2024.

This article outlines individual and business financial support that state and federal governments have made available.

Bankruptcy is free for debtors to enter, but administration costs are paid from estate assets, often reducing or eliminating returns to creditors.

Directors need to understand the personal ramifications if their company does not pay the DPN liability.

Members' Voluntary Liquidation (MVL) offers solvent companies a structured, tax-effective way to wind up operations and return surplus capital to shareholders. When is this lesser-known option the right choice for business owners, and what benefits can it deliver compared to informal deregistration or leaving a dormant company in place?

Article explains the rights that a bank with a GSI has over unsecured creditors.

Under s588M(3), creditors can sue directors directly provided the company is in liquidation and the liquidator consents.