With the financial year at an end, and a new one just beginning, small and medium sized businesses have been busy preparing financial statements and income tax returns for lodgement with the Australian Taxation Office (ATO). From a strategic perspective it’s...
With Australia experiencing a volatile market environment, it’s up to company directors to deliver the rigorous corporate governance required to protect shareholder and creditor value. Market volatility is a situation in which markets are liable to change rapidly and...
Small-to-medium-sized enterprises (SMEs) are often family companies that have just one or two directors or shareholders. When these shareholders, or their family members, advance funds to the business, they often don’t realise they can secure the loan, much like a...
Turning around a financially distressed business is never easy. But it is possible. Take the example of Forest Resort, an integrated holiday, golfing and conference destination in the heart of Victoria’s central goldfields region. BRI Ferrier was engaged in April 2014...
The Australian construction and property development industry is experiencing interesting times. The property market, particularly in Sydney, has been exceptionally strong. As a result, the construction sector has grown exponentially and many new businesses have...
In this issue: Creditors willing to financially assist the liquidator in recovery or preservation of company property. Relevance of section 564, Corporations Act, its operation and objective. Common uses of section 564, Corporations Act. Court assessment of risk...
