On 7 September 2020, the Australian Government announced that the temporary insolvency relief measures introduced on 24 March 2020 would be extended until the end of the year.
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A recent case handed down by the Administrative Appeals Tribunal reinforces the importance of insolvency practitioners exercising caution in relation to making arrangements, undertakings or agreements with employees.
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While businesses are starting to pay attention to the PPSA, many are not getting their compliance systems and processes right and are paying a (very expensive) price for getting it wrong.
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From 1 July 2019, Australian consumers and small businesses will be able to lodge complaints with the Australian Financial Complaints Authority (AFCA) about the conduct of financial firms dating back to 1 January 2008 but complaints must be lodged with AFCA between 1 July 2019 and 30 June 2020. After this 12 month period, AFCA will no not be able to accept legacy complaints.
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The second half of 2019 is set to be a challenging time for Australian businesses. Does the Coalition win at the 2019 Federal election guarantee business safety for the foreseeable future?
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This article explores the rights of beneficiaries and trustees during allegations of misconduct relating to a trust deed.
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