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COVID-19 ASSISTANCE

The Stage 4 lock down restrictions come into affect in Melbourne from 11:59pm on Wednesday 5 August 2020.  We are acutely aware of the stress this can place on you and your business. Together with the anxiousness and fear that accompanies uncertainty. Please know, that we are here to -assist, -advise, and -answer any questions […]

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CORONAVIRUS COVID-19: BUSINESS SURVIVAL TIPS AND TECHNIQUES

CORONAVIRUS COVID-19 BUSINESS SURVIVAL TIPS AND TECHNIQUES Never before have we witnessed such an immediate and devastating financial and economic impact on a global scale. Many businesses have lost a significant portion of their revenue overnight. The loss in revenue does not have an equitable change in fixed overhead costs on top of the invoices […]

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Anti-Phoenix Legislation – CREDITOR DEFEATING DISPOSITIONS

New legislation to combat illegal phoenixing came into effect on 18 February 2020. The legislation provides additional powers to liquidators, Australian Securities & Investment Commission (“ASIC”), and in certain circumstances creditors by introducing Creditor Defeating Dispositions. The intention is to prevent companies from transferring assets to a newly created related entity and leaving the debts […]

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Company Directors Personal Liability for GST

Company directors can now be personally liable for unpaid GST. The new laws takes effect from 1 April 2020. It does not apply to GST liabilities that have accrued prior to that date. The new laws follow the current Director Penalty Notice Regime that apply to PAYG and Unpaid Superannuation. The law can be summarised […]

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SEASON’S GREETINGS AND CNS PRECISION ASSEMBLY

The team at Dye & Co. Pty Ltd would like to wish everyone a very safe and Merry Christmas and a prosperous 2020. In lieu of sending Christmas cards, we have made a donation to the benefit of the CNS Precision Assembly. Their website can be viewed here: www.cns.org.au. This donation will assist in the […]

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