Melbourne pub fined for taking bets from boy, 16, with nearly $100,000 in gambling debts – The Guardian Australia

A 16-year-old Melbourne boy was able to gamble nearly $100,000, including at suburban pubs, despite his mother desperately seeking help, a court has heard. The Melbourne magistrates court heard that when his mother discovered his gambling habits, she began a frantic mission to get him help, only to be repeatedly turned away. In April last…

Australia: An Introduction to Restructuring/Insolvency – White & Case LLP

Australia has not been immune to the economic impacts of global financial and geopolitical events. The recent global economic downturn has brought about a heightened focus on financial stability and risk management in Australian businesses. Sponsors and financiers alike are now navigating a complex economic terrain marked by: volatile markets; supply chain disruptions; asset re-valuations;…

McGrathNicol celebrates twenty years in business recovery – Consultancy.com.au

Home-grown turnaround & restructuring consultancy McGrathNicol is celebrating its 20th anniversary, having over that time grown to a headcount of 55 partners and 350-plus staff. The firm was established by former KPMG insolvency partners Colin Nicol and Tony McGrath together with a number of other senior colleagues, when they were forced to split from the…

Small Business Restructuring Specialists – William Buck

What is the Small Business Restructuring process? Australias Small Business Restructuring (SBR) process is a formal insolvency process introduced by the Federal Government in 2021 to give small businesses the opportunity to restructure their debts while directors remain in control of the business, under the supervision of a restructuring practitioner. The SBR process involves a…

Local small businesses look to restructuring for ATO debt solution – InDaily

South Australian small businesses are facing a choice between calling in the liquidators or bringing in restructuring firms to go on payment plans amid mounting tax debts owed to the Australian Tax Office (ATO). At an information night held three weeks ago by licensed small business restructuring (SMB) firm Small Business Restructuring Specialists, five clients…