Australia's tax and insolvency regulators have introduced new vulnerability frameworks that fundamentally change how practitioners engage with financially distressed individuals and businesses. These frameworks recognize that mental health challenges, family violence, language barriers, and other...

Insolvency appointments are often seen as a litmus test for the economy.

The five common reasons (or at least the common themes) why a business fails.

When a company enters liquidation with little or no assets, how does the liquidator fund investigations and pursue potential recoveries? This article examines the statutory framework under Section 545 of the Corporations Act 2001 and explores why liquidators may seek creditor funding to investigate misconduct, pursue voidable transactions, and maximize returns to stakeholders.

Understanding how long unpaid debts remain on Australian credit reports is crucial for managing financial reputation and planning recovery from financial difficulty. This comprehensive guide examines retention periods for defaults, court judgments, bankruptcy information, and other credit listings, while explaining the regulatory framework that governs credit reporting in Australia.

Key features of draft regulations and rules for new small business restructuring and simplified liquidation processes.

PS LA 2011/20 assists taxpayers to understand how certain payments and credits are processed.

This is an analysis of 2018-2019 corporate insolvencies, which industries were affected and where they were recorded.

Directors using credit cards to pay company tax debts may be unknowingly converting corporate liabilities into personal obligations. What appears to be a simple cash flow solution with bonus reward points could expose directors to significant personal financial risk if the company later becomes insolvent.

The High Court's Personnel Contracting decision fundamentally changed how businesses must assess worker relationships, revealing that ABNs and contractor agreements alone don't determine employment status. When the ATO or state revenue authorities reclassify these arrangements, businesses face retrospective liabilities across PAYG withholding, superannuation, and payroll tax that can transform healthy balance sheets into insolvency scenarios.

Despite some headwinds, Australia's economy is doing well, so insolvency appointments may be likely to remain low.

As economic conditions tighten across Australia, insolvency practitioners, creditors, and regulators are increasingly focused on phoenix activity. While business restructures are legitimate...

Much of the discussion around AI has focused on the opportunities it creates. Increased productivity, reduced costs, better customer experiences and faster decision-making are all compelling reasons for businesses to embrace the technology.

Whilst there is the possibility of a recession, the operating environment for SMEs is definitely tightening. Access to finance is becoming more constrained...

When a business enters external administration in Australia, working visa holders face unique challenges that extend beyond employment concerns to immigration status and future visa pathways. Understanding how different types of administration—from receivership to liquidation—affect various visa categories is crucial for temporary workers navigating sponsor obligations, grace periods, and entitlement recovery options.

Directors face automatic personal liability when companies fail to pay superannuation on time, but understanding the critical difference between "lockdown" and "non-lockdown" penalties can mean the difference between remission through administration and unavoidable personal debt.

The removal of the pre-CGT tax exemption from 1 July 2027 is driving increased interest in Members Voluntary Liquidations (MVL) as a tax-efficient exit strategy. This article examines how liquidator distributions...

The Global Financial Crisis (GFC) remains the clearest example. While the crisis itself peaked in 2008/2009, corporate and personal insolvency numbers continued to rise for several years afterwards...