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.
James Frank
Recent Posts
New Legislation: Combating Illegal Phoenixing
On 17 February 2020 the Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 received royal ascent.
Topics:
Restructuring and Insolvency
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Trustees' right of indemnity to an insolvent corporate trustee
There has been much debate as to how the trustees' right of indemnity would apply to an insolvent corporate trustee.
What is a Receiver?
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
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.
Topics:
Corporate and Commercial
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Are you playing by the new rules?
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.
5 Myths About Voluntary Administration
Whenever we speak to clients about why their business is struggling and explore restructuring options we continually hear common myths about the Voluntary Administration (VA) process. We have detailed the 5 key myths below:
The 4 Step Process of Voluntary Administration
Voluntary Administration is a formal restructuring process contained within Part 5.3A of the Corporations Act. It has more recently become a strategic tool used by directors to protect themselves from insolvent trading breaches but also to ‘reset the business’ in times of shock.
Topics:
Corporate and Commercial
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Why the Safe Harbour Regime is More Useful Now Than Ever
On 19 September 2017 the safe harbour laws commenced which enabled directors to turn around struggling companies without exposing themselves to personal liability under Australia’s insolvent trading laws.
Topics:
Corporate and Commercial
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