Corporate insolvencies have risen 4.4% in the 2010-11 financial year to date. Continue reading
Tag Archives: Insolvency
Corporate insolvencies on the rise: ASIC
Official figures released by ASIC today reveal corporate insolvencies have risen 4.4% in the 2010-11 financial year to date. Continue reading
Record number of Liquidations
Reform to combat rogue financial advisers opening ‘Phoenix’ companies
SLACK financial regulation is allowing failed and insolvent financial advisers and companies to reopen their businesses under a different name, just like the notorious building industry practice of using so-called “phoenix” companies. Continue reading
MBA director Brian Welch warns carbon costs will sting
The Housing Industry Association has predicted that a carbon tax will add at least $6000 to the cost of building a new home. Continue reading
Debt spiral looming for Australians
ONE in seven adults are so financially strapped that they cannot afford insurance cover for their homes and cars, a new study shows. Continue reading
Australian small businesses facing ‘uphill battle’ amid rents, dollar, internet competition
FOR 16 years Noel Fergusson and his wife Narelle have owned and run Leading Edge Music in Warriewood on Sydney’s Northern Beaches. Continue reading
ASIC prosecutes 75 company officers
ASIC has successfully prosecuted 75 individuals between September and December 2010 for various Corporations Act 2001 (the Corporations Act) offences including failing to assist external administrators. Continue reading
Disqualified director convicted and sentenced
Mr Keith Avenel Smith of Officer, Victoria, has been sentenced in the Ringwood Magistrates’ Court after pleading guilty to charges brought by ASIC and the Insolvency Trustee Service Australia (ITSA). Continue reading
Are you a Director? Have you moved lately? Update your residential address on the ASIC register – or else!!
Company directors MUST ensure their residential address details are kept up to date on the ASIC register. Continue reading
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