The Government has again flagged a crackdown on tax avoidance in this year’s budget, with operators of phoenix schemes given special attention in a round of new measures that will see harsher punishments for company directors caught breaching tax laws. Continue reading
Tag Archives: debts
Builders Hit Hard as Job losses Jump
FLOODS, cyclones and record-low housing approvals have combined to wipe 8000 jobs from the construction sector in the past three months, a report from the Urban Development Institute of Australia shows. Continue reading
Are things really getting better? Maybe.
AS MEMORIES of the financial crisis fade we are whipping out plastic cards from our pockets like never before. Continue reading
Bank debt collectors seizing cash ‘illegally’
ANZ Bank may have acted illegally by harassing debtors and seizing money from their accounts in breach of consumer guidelines. Continue reading
No comment needs to be made about such a story!
Banks lend $70,000 to pensioner whose income is $485 a fortnight! Continue reading
ATO plans Security Bonds to beat phoenix activity
The ATO is seeking amendments to its powers with the introduction of the Draft Tax Laws Amendment Bill 2010 that will give the ATO discretionary power to demand security deposits from businesses as part of securing likely or expected tax obligations. Continue reading
Former director committed to stand trial on ASIC insolvent trading charges
The former director of International Consulting Group Pty Ltd (ICG), Dr Anula Daui Kumari Kauye, has been committed to stand trial on charges brought by ASIC. Continue reading
ASIC disqualifies six directors of failed companies from managing corporations for more than 20 years
Between January 2010 and March 2010, ASIC disqualified six directors from managing corporations following their involvement in failed companies. Continue reading
ASIC bans WA director for five years
ASIC has disqualified Mr Mark Travis Goldenberg of West Leederville, Western Australia, from managing corporations for five years. Continue reading
ABC Learning traded while insolvent
CHILDCARE giant ABC Learning Centres traded while insolvent for at least five months in 2008, its administrators have determined in preliminary findings. Continue reading
CRS Warner Kugel trading as The Insolvency Experts © 2011. All rights reserved