Directors’ liability for insolvent trading post COVID-19 – where do I stand?

Temporary measures which relieved company directors from personal liability for insolvent trading, enacted by the Federal Government in response to the COVID-19 pandemic, ceased on 31 December 2020.  Accordingly, from 1 January 2...

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Updates to director resignation provisions under the Corporations Act

Section 203A of the Corporations Act 2001 (Cth) (a replaceable rule) provides that a director may resign by giving written notice of the resignation to the company at its registered office. For companies with a Constitution, most ...

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How can I recover a debt in 2021?

In 2020 the Federal Government introduced temporary changes which impacted some of the ways in which a creditor could recover debts owing by a debtor. With the majority of these temporary measures having come to an end on 31 De...

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Insolvency law reforms: simplifying matters for eligible small businesses

Following the end of temporary measures to protect businesses financially impacted by the COVID-19 pandemic on 31 December 2020,  the new Corporations Amendment (Corporation Insolvency Reforms) Act 2020 (Cth) ("Act") and associat...

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Charles’ top 5 tips when negotiating with the ATO

With over 15 years' experience in acting for the ATO Charles Bavin knows the ins and outs. Charles' top tips when negotiating with the ATO are: Get in early. The ATO is committed to the early resolution of disputes an...

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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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