The Tax Office has fallen short of budget revenue targets by $4.2 billion, its 2017 annual report shows. The 20,435-strong organisation also reported it continued to cut deals with the top end of down, rather than heading to court. The ATO continued to settle disputes rather than head to court Over the past financial year the ATO initially…
Cavalier Corp, the struggling New Zealand carpet maker, expects earnings to improve this financial year and next as it reaps the benefits from restructuring its manufacturing operations, a lower wool price and reducing debt. The Auckland-based company posted a loss of $2.1 million in the 2017 financial year from a profit of $3.1 million in…
Why it matters to you As Nikon continues restructuring, it achieved a profit increase, but only from closing a plant that made compact cameras. Imaging giant Nikon is closing one of its manufacturing centers. On Monday, October 30, Nikon announced the closure of the subsidiary Nikon Imaging China Co. Ltd. (NIC) as part of a…
The baseline qualification for a company director role. The best way to do the course. Tips and tricks on how to pass. The first company director course run by the Australian Institute of Company Directors (AICD) was in 1975. Since then about 40,000 have completed the course, which is widely seen as a base level…
Remember when Topshop announced it was going into voluntary administration in Oz? A million stylish hearts broke the UK brand has long been known to nail runway trends at high street prices, so the possibility that we might have had to go back to international shipping if we wanted our Moto jeans or perfectly hip…
The group has suffering big losses on a couple of resources projects. Indigenous contracting company Eastern Guruma has been put in the hands of administrators after suffering big losses on a couple of resources projects. Eastern Guruma was also caught up in the collapse of joint venture partner Brierty, leaving it with a claim of…
NEW DELHI: The housing and urban affairs ministry is seeking explicit protection for homebuyers hit by insolvency action against builders such as Jaypee Infratech and some of the projects of the Amrapali Group as it is not satisfied with the amendments notified last week. “We would like to be reassured that the notification specifically covers…
The re-signing of Ash Taylor to a three-year extension is expected to be a positive for consortiums looking to buy the Titans licence from the NRL. Picture: Jerad Williams THE NRL will not be able to draw a line under the sale of the Titans by the end of their financial year but are confident…
Sears Canada’s former executive chairman defended his plan to turn around the embattled retailer, and said his bid to buy the company and save it from liquidation was hampered by a creditor protection process biased towards liquidation. Brandon Stranzl, speaking publicly for the first time since the retailer began a full liquidation of its remaining…
Nagpur: An insolvency petition has been admitted against the Manoj Jayaswal-led Abhijeet MADC Energy Private Limited (AMNEPL) by National Company Law Tribunal (NCLT). The plea was filed by Alchemist Asset Reconstruction Company (AARC) over a loan default of Rs959 crore. Companies under Jayaswal’s Abhijeet Group are sitting on bad loans worth Rs11,000 crore, making it…