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The impact of Part X & Section 73 Compositions on bankruptcy
The impact of Part X & Section 73 Compositions on bankruptcy
The Bankruptcy Act 1966 (‘the Act’) includes a provision (Part X) that allows individuals in financial distress to make an offer to their creditors, called a Personal Insolvency Agreement (‘PIA…
WorkPac Pty Ltd v Rossato [2020] FCAFC 84 (“Rossato”)
WorkPac Pty Ltd v Rossato [2020] FCAFC 84 (“Rossato”)
The Federal Court decision in Rossato has caused some uncertainties to the definition of casual employment in Australia. The High Court of Australia has subsequently granted special leave to WorkPac P…
Divisible assets and protected property
Divisible assets and protected property
This article looks at investigating and realising divisible assets as one of the key functions of a Registered Trustee in Bankruptcy.
Risk Watch Essentials - May 2021
Risk Watch Essentials - May 2021
The tables below summarise the data essentials captured from our daily Risk Watch publication, which provides a synopsis of the insolvency market for May 2021. In addition to the tables below four (4)…
Small Business Restructuring now a key tool in business turnaround
Small Business Restructuring now a key tool in business turnaround
New Small Business Restructuring (SBR) laws came into play earlier this year, enabling eligible small businesses to enter into a formal restructuring process rather than following a path that leads to insolvency.
The End of Job Keeper and the Rise of the SME Recovery Loan Scheme
The End of Job Keeper and the Rise of the SME Recovery Loan Scheme
The demise of JobKeeper on 1 April has already seen a number of doors close on businesses, but there is help coming in the form of the SME Recovery Loan Scheme (SMERLS). The SMERLS is designed to help…
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