MasterCask enters voluntary administration – The Shout

Major Tasmanian cooperage, MasterCask, has entered voluntary administration as it seeks a resolution to unresolvable internal shareholder issues. Yesterday (6 June), Cam Brett, President of the Tasmanian Whisky and Spirits Association, shared the following message with members of industry group, Australian Distillers. I have received advice today from the largest secured creditor of MasterCask, which…

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ATO court actions hit pre-COVID levels as the tax office chases … – SmartCompany

The number of court actions filed by the Australian Taxation Office has surged above pre-COVID levels, new figures show, as turnaround professionals urge small businesses to grasp the last olive branch extended to firms with outstanding debts. In its latest credit risk report, issued Tuesday, monitoring agency Alares showed the ATO initiated 386 court actions…

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