Phoenix Companies – What Are They, Are They Legal and What is Being Done About Them?

What is phoenixing? There is currently no express prohibition, proscribed under Australian law, from carrying out "phoenix activity". Australian law also does not define "phoenix activity". Such 'activity' can be broadly summarised as the exploitation of the corporate form to the detriment of unsecured creditors when directo...

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Date posted: 2017-10-18 | Comments(0)


Promotion Announcement - Daniel Rappoport

Gavin Parsons and Associates are very proud to announce the promotion of Daniel Rappoport to the position of Senior Associate. This promotion is in recognition of Daniel’s unique skills, knowledge and experience in all areas of his practice, his ongoing care and attention to our clients’ needs and his contributions to improve and expa...

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Date posted: 2017-08-30 | Comments(0)


Changes to the Law on Unfair Contract Terms will come into effect from 12 November 2016

Between 1 January 2011 and 31 December 2014 the Australian Competition and Consumer Commission ("ACCC") was contacted by 1,375 small businesses to complain about unfair contracts. From 12 November 2016 small businesses will benefit from changes to the current laws governing unfair contract terms as a result of the T...

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Date posted: 2016-10-24 | Comments(0)


Accounting firm sued for its client’s wrongdoing - Fair Work and third-party liability

In a first of its kind, the Fair Work Ombudsman has commenced proceedings against an accounting firm for its involvement in contraventions of workplace laws committed by its client (Fair Work Ombudsman v Blue Impression Pty Ltd & Ors MLG2721/2015) ("Blue Impression"). The client of the accounting firm (Ezy Account...

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Date posted: 2016-09-23 | Comments(0)


Shorter Bankruptcies to Save the Economy? ARITA concedes that the Government’s proposed Insolvency Reform could leave the system open to rorting

Welcome to the Ideas Boom reads the tagline for the Commonwealth Government’s National Innovation & Science Agenda’s webpage. Under the heading Insolvency Law Reform the reasons behind the proposed changes to our personal and corporate insolvency legislation are explained (our emphasis): More often than not, ent...

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Date posted: 2016-04-07 | Comments(0)


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