In an article published by the Master Builders Association, Costa Nicodemou, Head of Property and Construction at BRI Ferrier Sydney, discusses how businesses in the construction industry can protect themselves from the insolvency of a contractor or...
In an article published by the Master Builders Association in the October/November 2013 issue, Costa Nicodemou, Head of Property and Construction at BRI Ferrier Sydney, discusses the new director penalty notice (DPN) regime and how it can affect businesses in the...
Introduction Listed public companies in insolvency present particular challenges in conserving and extracting value for creditors, and in some cases, shareholders. The complex regulatory regime imposed by the listing rules of the Australian Securities Exchange...
The ATO has taken some time to reveal their new powers to recover debts under the new director penalty notice (DPN) regime. The new regime came into effect in June 2012. Initially it appeared that the ATO was reluctant to exercise its new powers. It now appears that...
In the April/May 2013 issue of Master Builder, Costa Nicodemou, Head of Property and Construction at BRI Ferrier Sydney, discusses the difficulties facing the construction industry in 2012. Costa notes that there are lessons to continue to heed, and says that an...
FCT V PARK – The Decision You will have already heard about the Full Federal Court decision FCT v Park, in which the court determined that a “statutory garnishee notice” (a notice issued by the ATO under section 260-5 of the Taxation Administration Act 1953) took...
