Repayment Arrangements - Smith vs Bone

When payment arrangements with the Australian Taxation Office will not "defer" corporate debt and restore a company to solvency - Smith v Boné [2015] FCA 319 In this recent "insolvent trading" case the director of Petrolink Pty Ltd ("Petrolink") defended the Liquidator's claim by pointing to the GFC and the payment arrangements he had neg...

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Date posted: 2015-09-07 | Comments(0)


R.I.P. WorkCover NSW

Health and safety in the workplace has a new regulator – SafeWork NSW As we say goodbye to winter for another year, we also bid farewell to WorkCover NSW ("WorkCover") and the Motor Accidents Authority ("MAA"), which have been replaced under the Insurance and Regulation Reform Package 2015. The package is designed to simplify the old s...

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Date posted: 2015-09-03 | Comments(0)


Checklist for Purchase of a Business

Click to download your business purchase checklist...

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Date posted: 2015-09-03 | Comments(0)


Immediate Deductibility for Professional Expenses

Small businesses were some of the biggest winners in the 2015-2016 Federal Budget, with the Federal Government announcing a: "$5.5 Billion Jobs and Small Business package". The package provides support to small businesses by delivering a number of targeted measures and tax benefits. (see taxpayer.com.au) ...

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Date posted: 2015-07-06 | Comments(0)


Describing your collateral under the Personal Property Securities Act 2009 (“PPSA”) - what is required?

Nearly every person who has completed a registration on the Personal Property Securities Register will tell you that they were not 100% sure of what box to tick or how to describe the property (collateral) over which they are registering their interest. Not only is the process confusing and the online guidance limited, but the consequences of incorr...

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Date posted: 2015-06-22 | Comments(0)


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