Category Archives: Uncategorized

Tax Blitz

The Australian Taxation Office has long had the ability to render company directors personally liable for tax debts through the Director Penalty Notice (DPN) regime.  This regime has undergone some recent changes. The major changes include: A director has three options (previously four) to avoid personal liability.  These are; Comply with the notice, that is, pay the amount; [...]
Also posted in In The News, Insolvent Trading |

Insol Dubai 2010

Government intervention into banks through the ‘nationalisation’ process during the global financial crisis resulted in: Government becoming the biggest shareholder in banks and therefore the banking industry Simplification of the bank’s business Disposing of non-core business activities Change in management and operating culture Targetted lending to SME’s.
Posted in Uncategorized |

Insol Conference Dubai 2010

Surviving the Economic Downturn was the first session this morning. Highly technical discussion on global economics and impact on restructuring. Very similair issues present themsleves. Interest rates should be higher. We have seen this discussion in Australia already. There will be a significant level of debt to be refinanced. We have discussed this in previous posts also. Who will [...]
Posted in Uncategorized |

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