Resisting a winding up application by a....

Jun 19, 2017

In the recent decision of 640 The Esplanade Pty Ltd v Splash Bay Pty Ltd (No 2) [2017] FCA 89 the Federal Court of Australia discussed the limits to the bases upon which a debtor company could oppose a winding up application by a substituted creditor.    Facts Splash...

AFSA Releases Personal Insolvency Statis....

May 29, 2017

The Australian Financial Security Authority (AFSA) recently released its statistics for the March 2017 quarter generally recording a rise in personal insolvencies when compared with the statistics released in relation to the December 2016 quarter. In NSW, Greater...

Terminating a winding up: The need for u....

May 29, 2017

In the recent decision of Deputy Commissioner of Taxation v Project Tiling Group Pty Limited [2017] FCA 208, the Federal Court of Australia dismissed an application by the sole director of Project Tiling Group Pty Limited (in liquidation) (Company) for an order...

Director Convicted for Falsifying Compan....

May 15, 2017

For obvious reasons, the concealment, destruction, mutilation or falsification of a company’s books is capable of being an offence under the Corporations Act 2001 (Cth).  The Australian Securities & Investments Commission (ASIC) has reported that a director...

Amendment to PPS Lease definition

May 12, 2017

The Personal Property Securities Amendment (PPS Leases) Bill 2017 was passed by Parliament on 11 May 2017 and will become the Personal Property Securities Amendment (PPS Leases) Act 2017 (the Act), which will commence operation on the day after it receives Royal...