The Federal Court’s recent decision in Hall v CAP Security Services Pty Ltd [2023] FCA 1237 highlights an interesting and practical solution for former directors who receive a director penalty notice after their directorship has ended. Director penalty notices (DPNs) The Australian Taxation Office (ATO) can issue a DPN to the director of a company…
ASIC has disqualified Anthony Murray and his son, Danny Luke Murray, of Martinsville, NSW, from managing corporations for 4 years, after their involvement in two failed companies. Between 2007 and 2019, Anthony Murray was a director of two failed companies: MKD Custom Stainless & Design Pty Ltd (ACN 615 206 025) (de-registered) (MKD); and Site…
The States fiscal position had weakened in recent years but the Governments Comprehensive Expenditure Review identified $13 billion in budget improvements, revenue and reprioritisation measures to help stabilise the fiscal position. These funds will be reinvested into essential services to help keep the States overall expenses at a manageable level. As a result, the 2023-24…
A CFPB report analyzed over 9,000 complaints it received from student-loan borrowers in the past year. It found that poor customer service at servicers have kept borrowers without relief they deserve. Advertisement After receiving thousands of complaints over the past year, a top federal watchdog concluded that student-loan companies are not helping borrowers as they…
October, 2023, Estonia, Infusion Games team is pleased to announce a significant change of direction, restructuring and rebranding of the company. Realizing that the scope of the company has expanded beyond game development, the decision was made to rename the main company from Infusion Games to INFUSION, and to move the divisions into a separate…
As Prepared for Delivery Thank you for the invitation to speak here today at SAIS. As an academic, Ive had brilliant colleagues and former PhD students of mine join your faculty. As a policymaker, I get to work closely with your impressive alumni, many of which are on the Treasury team and working across the…
WASHINGTON, Oct 23 (Reuters) – A senior U.S. Treasury official on Monday said there were signs of “potential improvement” in sovereign debt restructuring cases and more vulnerable countries were expected to seek help, but further work was needed to accelerate the process. Treasury Assistant Secretary for International Finance Brent Neiman noted advances in the cases…
Student debt may help you buy a home in these states, according to a recent report. (iStock) Many Americans said they have to delay major life milestones because of their student loans, but in some states, buying a home could help pay off your debt. While student loans are usually a barrier to home entry…
What Is A Personal Guarantee? As a company director, lenders, some suppliers, and landlords may request that you sign a Personal Guarantee (PG). This guarantee acts as security for a companys liabilities such as debt repayments or rent. By so doing, the creditor will make you personally liable for the debt owed to them in…
Vedanta Ltd is likely to lose its third chief financial officer in as many years just as the mining conglomerate controlled by billionaire Anil Agarwal heads into an ambitious restructuring of its businesses, according to a report published by Bloomberg. People familiar with the matter, on the condition of anonymity, said that Sonal Shrivastava who…