Category Archives: ASIC

Look Out!

Updated ASIC statistics provide some industry specific data. Based on external administration reports for 12 months to June 2010 look out for clients in the following industry sectors: Top 6 Industry Failures
Also posted in Statistics |

Ponzi scheme

ASIC has been successful in obtaining a guilty plead from a Ponzi scheme operator in Melbourne.  For a brief background on this read Ponzi.  
Also posted in In The News |

Business Judgement – 3

Option 3 in the Commonwealth Government's discussion paper – the Moratorium, this sounds interesting! The discussion paper states: 5.4.2 This option would require a company to inform the market, including existing creditors and potential new creditors, that the company was insolvent and intended to pursue a workout outside of external administration.
Also posted in In The News, Insolvent Trading, Law Reform | Tagged , , , , , | Leave a comment
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