The recent Federal Court decision in ASIC v Bekier (Liability Judgment) [2026] is a timely reminder of the high standards expected of company directors and officers. The case arose from governance failures at The Star Entertainment Group (“The Star”). The Australian Securities and Investments Commission (ASIC) alleged that former CEO and Managing Director Matthias Bekier [...]
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 [...]
