Treasurer Josh Frydenberg. Source: AAP/Daniel Pockett. The Morrison government has extended temporary bankruptcy protections that save small business owners from personal liability for trading while insolvent during the COVID-19 pandemic. Initially announced in late-March, the insolvency and bankruptcy protections were slated to expire later this month, but will now last until December 31. These relief…
The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has welcomed the federal governments extension of temporary insolvency and bankruptcy protections, to support struggling small businesses impacted by the COVID crisis. Regulations reducing the threat of creditors taking action against a small businesses impacted by trading restrictions have now been extended to 31 December…
Temporary insolvency and bankruptcy protections to assist financially distressed Australian businesses during the COVID-19 pandemic have been extended until 31 December 2020. The Federal Government will introduce regulations to extend the temporary increase in the threshold at which creditors can issue a statutory demand on a company, as well as the time companies have to…
THE concept of rebirthing old car brands is back with Dutch sportscar brand Spyker announcing it will start production of a new range from next year using money from a Russian oligarch. The brand confirmed this week it was being backed by SMP Racing and BR Engineering, both offshoots of SMP Bank of Russia founder…
Arts viewed as fundamental to SA economy Rooftop solar threat to grid requires holistic response Businesses turn to councils as local economies battle virus SA collagen drink is beauty in a bottle Corporate Ladder: your weekly guide to executive appointments A grace period designed to save businesses from going under during the coronavirus pandemic is…
A grace period designed to save businesses from going under during the coronavirus pandemic is being extended until the end of the year. Temporary relief measures for businesses in financial distress were due to expire in less than 30 days. Treasurer Josh Frydenberg and Industrial Relations Minister Christian Porter confirmed the insolvency and bankruptcy protections…
The Australian Securities and Investments Commission is monitoring companies linked to the former director of a failed Coast-based training firm which pocketed almost $80 million in government funding before its collapse. The advice was given to Fairfax MP Ted O’Brien, who had sought further information from the regulator about its treatment of SmartCity Vocational College,…
The Australian Securities and Investments Commission is monitoring companies linked to the former director of a failed Coast-based training firm which pocketed almost $80 million in government funding before its collapse. The advice was given to Fairfax MP Ted O’Brien, who had sought further information from the regulator about its treatment of SmartCity Vocational College,…
Throughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m. Not including sole proprietorships, there were 41 bankruptcies in week 35. This is 12 up on the previous week. In addition, 8 sole proprietorships were declared…
The case KVV Liepjas metalurgs owner Yevgenij Kazmin had against the state of Latvia has been put on hold, according to information from the State Chancellery. The case itself was commenced following Kazmins request. It is related to the sale of assets of the insolvent Liepjas metalurgs to Ukrainian company KVV Group in 2014. The…