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It’s been well published in recent years that the Australian Government has considered various measures to promote and support the success of business start-ups in Australia. A large percentage of small to medium sized enterprises collapse within the first three years of commencement for various reasons ranging from the lack of working capital, lack of strategic direction to poor planning, cash flow management and record keeping.
February 1, 2018
Tax reform is at the forefront of the Turnbull Government’s economic and fiscal agenda. The latest in a string of proposed legislative amendments, centres on superannuation compliance and recovery and is contained in the recently released exposure draft bill entitled Treasury Laws Amendment (Taxation and Superannuation Guarantee Integrity Measures) Bill 2018 (“the Bill”).
The following article deals with 2 separate cases where SV Partners were recently involved highlighting the impact of a Warehouse Lien on a PPSR Security Interest and the importance of at least registering an effective PPSR Security Interest.
The Australian Financial Security Authority (AFSA) recently released its personal insolvency activity statistics for the December 2017 quarter. Personal insolvencies have risen by 7.4% in the December 2017 quarter, with New South Wales representing the highest increase at 29.2%, closely followed by Queensland at 28%:
In recent months the Federal Government have pursued a robust enforcement agenda clearly focussed on employer obligations, accessorial liability and superannuation guarantee non-compliance and we’re set to see this trend continue throughout 2018.
Closed from 12:00pm Friday, 22 December 2017 – returning on Monday, 8 January 2018.
December 20, 2017
As the end of the year is fast approaching, it is a good opportunity to reflect on 2017 and forecast for the year ahead.
A key theme to 2017 for our industry can be summed up in one C word – ‘change’. Often the word ‘change’ has negative connotations, however managed properly; change can lead to positive outcomes for businesses.
November 30, 2017
As trustees, perhaps ironically, we work hard to steer people away from bankruptcy, recommending that they negotiate with their creditors wherever possible to avoid the implications of bankruptcy including:
One of the first questions we are asked when insolvency strikes is “Will the employees recover their outstanding entitlements?”.
Fortunately, the Fair Entitlements Guarantee (FEG) Scheme has enabled us to answer that in most cases an employee’s outstanding entitlements are safeguarded in the event of insolvency.