DIRECTOR RESIGNATIONS
DIRECTOR RESIGNATIONS From 18 February 2020 new laws encompassed within the Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 (Bill) commenced having passed through Parliament and receiving royal assent on 17 February 2020. These laws included: Creditor defeating dispositions Director resignations DPNs for GST, WET and LVT Retention of tax refunds. Please refer to our previous […]
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SIMPLIFIED LIQUIDATION
On 10 December 2020 the Federal Government passed the Corporations (Corporate Insolvency Reforms) Act 2020 (Cth) which included measures designed to assisting small business with restructuring as well as a simplified liquidation. Our recent blog on Small Business Restructuring which can be found at the following link: Small Business Restructuring Process (SBR) These laws commenced […]
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SMALL BUSINESS RESTRUCTURING PROCESS
On 10 December 2020 the Federal Government passed the Corporations (Corporate Insolvency Reforms) Act 2020 (Cth) which included measures designed to assisting small business with restructuring as well as a simplified liquidation. These laws commenced on 1 January 2021 and are now another option available to eligible small business that are suffering financial distress. Over […]
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SEASONS GREETINGS – CAMP QUALITY – HELPING KIDS FIGHTING AND ISOLATED BY CANCER
The team at Dye & Co. Pty Ltd would like to wish everyone a very safe and Merry Christmas and a prosperous 2021. Our Christmas donation this year has been made to Camp Quality. With over 1,000 kids fighting cancer having missed out on a camp in 2020 due to COVID-19, they need all the […]
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New Small Business Insolvency Laws – Temporary Laws Lapsing – Insolvency – Staff Training Offer
2020 – A year of change like no other and the insolvency sector is far from exempt. At the commencement of the pandemic the Federal Government introduced Temporary Insolvency Laws providing a temporary expemption from Insolvent Trading and increases the the thresholds and time for compliance with a Statutory Demand. These temporary laws are due […]
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Swimming Against the Tide – Webinar
The COVID-19 Pandemic of 2020 has changed a lot about the way we live, work and interact and whilst Webinars are by no means new. They are to Dye & Co. Pty Ltd. When we usually would be holding a face-to-face symposium in August, Victoria was experiencing one of the worlds hardest lockdowns to combat […]
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Temporary Insolvent Trading Moratorium – COVID Safe Harbour – The Devil is in the Detail
On 25 March 2020 the Federal Government as part of its Coronavirus Economic Response Package Omnibus Act 2020 inserted a new section 588GAAA into the Corporations Act titled ‘Safe harbour—temporary relief in response to the coronavirus’ This was in addition to laws that also increased the threshold for bankruptcy notices and statutory demands to $20,000, previously […]
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