During the COVID-19 pandemic, the ATO offered administrative relief to businesses who were experiencing financial difficulty. However, Directors were not absolved from their personal liability under the director penalty regime. Now that lockdowns have ended and we are resuming something that resembles a ‘normal life’, the ATO has recommenced its quest to recoup unpaid taxes, [...]
The Changes You may have heard that at the start of the COVID-19 crisis, the federal government placed a moratorium on insolvent trading laws in a bid to help eligible businesses manage the economic challenges of the coronavirus pandemic. The Morrison government has increased the threshold at which a creditor can issue a statutory demand [...]
As many may have heard over the past 24 hours, the federal government will essentially be placing a moratorium on insolvent trading laws in a bid to help eligible businesses manage the economic challenges of the coronavirus pandemic. The Morrison government will increase the threshold at which a creditor can issue a statutory demand (for [...]
Not getting along with your business partner and don’t feel like you have any options? Often people are company directors, shareholders, and employees in the one business and the interplay of rights and obligations associated with these roles can be quite complicated. We have recently resolved a number of disputes and negotiated partnership agreements for clients [...]
