Federal Court of Appeal Gunns down peak indebtedness rule

On 24 June 2021 the Federal Court handed down a second decision which provides further updates to this case.  Read our analysis here. Introduction In a major blow to liquidators, on 10 May 2021 the Federal Court Appeal in Baden...

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Will the Australian Tax Office escalate recovery activities?

The end of the insolvency relief measures - including the $90 billion JobKeeper wage subsidy scheme - is widely tipped to bring the biggest economic shock since the pandemic itself, leading to many unprofitable businesses closing ...

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Insolvency Reforms: for better or for worse?

On 24 September 2020, the Australian Federal Government announced what it called the most significant reforms to Australia's insolvency framework in over 30 years. "The reforms, which draw on key features from Chapter 11 of the...

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Pressure Mounts on Timbercorp as Investors Entitled to Plead Defences Despite Having Participated in Class Action

The Victorian Court of Appeal has held in Timbercorp Finance Pty Ltd (In Liquation) v Collins and Tomes [2016] VSCA 128 that parties who participated in the unsuccessful class action against Timbercorp are not precluded from plead...

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Celebrating Excellence at the NSW Export Awards

The Export Council Australia (ECA) celebrated the 52nd Premier of NSW Export Awards last night highlighting the contribution of NSW's top exporters. The Awards acknowledge the important contribution of businesses to the economy...

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US Food Facility Registration Renewal Required

If you are one of the 5000 Australian food facilities registered with the US Food and Drug Administration (FDA) you have between 1 October and 31 December 2014 to renew that registration. Failure to renew will result in cancellati...

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