Millions of Australians with outstanding student loans, like HECS-HELP debt, are likely to see their balances rise by 4.8% on June 1 this year.Study and training loans in Australia are subject to an annual indexation rate based on inflation, so with the release of the quarterly Consumer Price Index (CPI) from the Australian Bureau of…
The financial year doesn’t end for another two months, but there’s a closer deadline many people with university debts are dreading: June 1. On June 1, all unpaid HECS/HELP debts will automatically increase when indexation is applied. If you’ve got a higher education debt, here’s what you need to know. But if you’re not familiar…
A huge national company, which is a major supplier to the building industry, has fallen into voluntary administration after it racked up debts of $20 million. Lutum is one of three manufacturers of roofing tiles in Australia and employs approximately 150 people. It supplies roofing tiles and masonry products across Australia with manufacturing sites in…
The troubled Australian electric vehicle fast charging company Tritium is facing financial collapse after its directors declared it to be insolvent, calling in voluntary administrators while its lenders also appointed a receiver to take control of the assets and seek buyers. In a statement issued overnight to the Nasdaq stock exchange in New York, where…
Advertorial ARYZAs new head of corporate insolvency, Tom OConnor. Aryza, a leading provider of financial software solutions, announces the appointment of Tom OConnoras its Head of Corporate Insolvency. With an extensive career spanning over a decade in the insolvency sector and a proven track record in product development and client engagement, Tom brings invaluable experience…
One of Western Australias biggest residential building companies has collapsed, with Collier Homes falling into liquidation after more than 60 years. The Australian Securities and Investment Commission confirmed the company would shut down, with Robert Conry Brauer and Linda Methven Smith, from McGrath Nicol, appointed as liquidators. Collier Homes was created in 1959 by Raymond…
One of Western Australias biggest residential building companies has collapsed, with Collier Homes falling into liquidation after more than 60 years. The Australian Securities and Investment Commission confirmed the company would shut down, with Robert Conry Brauer and Linda Methven Smith, from McGrath Nicol, appointed as liquidators. Collier Homes was created in 1959 by Raymond…
There are a few signs experts say to watch out for if you’re unsure whether debt relief makes sense for your needs. Getty Images With inflation lingering and even ticking back up recently, many Americans are struggling to keep up with their bills. Not only do the higher prices and dollar devaluation caused by inflation…
One of Western Australias biggest residential building companies has collapsed, with Collier Homes falling into liquidation after more than 60 years. The Australian Securities and Investment Commission confirmed the company would shut down, with Robert Conry Brauer and Linda Methven Smith, from McGrath Nicol, appointed as liquidators. Collier Homes was created in 1959 by Raymond…
Former glamour model Katie Price has been declared bankrupt for a second time over an unpaid tax bill of more than 750,000. Ms Price, who was previously declared bankrupt in 2019, owes 761,994.05 to HM Revenue and Customs (HMRC), a court was told on Monday. At a short hearing at London’s Rolls Building, Insolvency and…