On 7th September 2020 the Federal Government announced that they would be extending the Insolvency Relief measures that were legislated in March 2020 due to the Covid-19 pandemic.
James Frank
Recent Posts
Managing Div7a Issues: how to not owe your own business money
By James Frank on Aug 25, 2020 12:43:00 PM
This is the second article in our 4-part series on 'Preparing for the Precipice: a post JobKeeper economy.'
Preparing for the Precipice: changes to JobKeeper
By James Frank on Jul 24, 2020 12:19:47 PM
As you are aware the JobKeeper Payment in its current form will cease on 27th September 2020. However, on 21st July the Government advised that JobKeeper will be extended in a modified way with the end point now being 28th March 2021.
What is the biggest risk to a business? People
By James Frank on Jul 22, 2020 2:11:24 PM
How important are your employees?
New Legislation: Combating Illegal Phoenixing
By James Frank on Mar 19, 2020 5:08:00 PM
On 17 February 2020 the Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 received royal ascent.
Who can dispute a Will?
By James Frank on Feb 21, 2020 11:00:57 AM
The Succession Act 2006 (NSW) is the piece if legislation that deals fundamentally with the affairs of an individual surrounding the act of succession, that is passing of property to another.
Trustees' right of indemnity to an insolvent corporate trustee
By James Frank on Nov 14, 2019 8:00:00 PM
There has been much debate as to how the trustees' right of indemnity would apply to an insolvent corporate trustee.
What is a Receiver?
By James Frank on Nov 14, 2019 5:24:23 PM
It is commonplace for a company to borrow funds to advance their business. This can take the form of commercial loan facility or specific equipment finance. In most if not all cases the loan facility is secured either by a security interest over the whole business, or the company, or against the equipment itself.
Protecting your assets in bankruptcy
By James Frank on Sep 25, 2019 11:21:59 AM
One of the most seminal decisions in bankruptcy law is the High Court decision of The Trustee of the Property of John Daniel Cummins, A Banklrupt v Cummins (2006) [2006] HCA 6.
Are you playing by the new rules?
By James Frank on Aug 20, 2019 9:14:47 AM
James Frank recently spoke at a Sydney Hills Business lunch on how the Internet has changed the business game. The following article is a summary of what he spoke about.