In April of this year, we published an article discussing insolvent trading and dealing with the Australian Taxation Office (ATO). In the video below, John Carrello from our Western Australia office outlines how things are never as simple as they seem and discusses...
The administration of the following bankrupt estate is ongoing and names have been changed to protect privacy. Sam became bankrupt in January 2019 after his related company was liquidated and the ATO issued a Directors Penalty Notice (DPN) of circa $250K. He...
FTX Group was established in 2019 and briefly operated in 250 countries. It “controlled” tens of billions of dollars’ worth of assets, had millions of customers, and processed millions of transactions a day. Prior to John J Ray III’s appointment as the FTX Group’s...
When the Directors of Premier Air Services first came to see us, the construction company was in a dire financial situation. Having run out of funds defending litigation of a disputed defect and damages claim from a well-healed former customer, the directors were left...
Restructuring Rabbit In the wake of prevailing economic headwinds facing Australian business, you will likely be hearing about companies “Restructuring” in order to return to profitability, or indeed survive. Such economic headwinds are a result of surging inflation,...
As we emerge from the COVID-19 pandemic and head towards an endemic phase, the ATO appears to be awakening from its slumber. During the pandemic, the ATO effectively ceased all winding up applications, but now as we head to some form of normality the ATO is beginning...