Green Packet Berhad was once lauded for its market value exceeding US$1 billion. But, it seems its glory days are long over. Its founder, Puan Chan Cheong aka CC Puan (), has just been declared bankrupt by the Kuala Lumpur High Court! Puan Chan Cheong had reportedly received bankruptcy notices, which were filed on 24th…
DetailsThe UAE Ministry of Finance has issued three new decisions on corporate tax ahead of its introduction on June 1, covering details on restructuring, taxable income and intra-group transfers. One of the decisions provides details on how to claim corporate tax relief on transfer of assets and liabilities between members of a qualifying group, the…
DetailsA popular Sydney restaurant has collapsed after the business could not afford to pay a substantial gas and electricity bill. But in a bizarre move, the restaurant has told patrons that it has temporarily shut down due to a water leak. On Wednesday, the Supreme Court of Victoria ordered Rahman Enterprise Manly Pty Ltd to…
DetailsEnd of an era? Popular Australian restaurant chain shuts down two restaurants after the pair went bankrupt Hog’s Breath Cafe closes two locations Tuggerah and Coffs Harbour venues to close By Olivia Day For Daily Mail Australia Published: 10:18 AEST, 1 June 2023 | Updated: 12:57 AEST, 1 June 2023
DetailsPublic security organs will continue to crack down on gambling in rural areas and improve oversight to prevent such crimes, an official with the Ministry of Public Security said on Wednesday. During the past six months, police dealt with 10,000 criminal cases and 75,000 administrative cases related to gambling in rural areas, and confiscated 740…
Details{“menuItems”:[{“label”:”Quick summary”,”anchorName”:”#quick-summary”},{“label”:”Student loans Australia”,”anchorName”:”#student-loans-australia”},{“label”:”HECS indexation”,”anchorName”:”#hecs-indexation”},{“label”:”Analysis based on potential indexation rate figures”,”anchorName”:”#analysis-based-on-potential-indexation-rate-figures”}]} Quick summary The average HECS debt was $24,771 in the 20212022 fiscal year, according to ATO figures, up from $23,280 in 201920. The 2023 HELP debt indexation of 7.1% is the highest on record in over a decade, up from 3.9% in 2022 and…
DetailsWoman looking at bills Debt advisors will no longer be allowed to receive a fee for referring people to debt solution companies. The Financial Conduct Authority (FCA) banned the fees after finding some companies were putting them ahead of customers’ best interests. The average fee advisors received for an individual voluntary arrangement (IVAs) referral in…
DetailsThe Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 (Cth) (the Act) came into force on 18 February 2020. The purpose of the Act is to: combat illegal phoenix activity; and improve the accountability of resigning directors. Three years since the Act came into force, we revisit the changes to see what impact they have…
DetailsGetty Images By Vishala Sri-Pathma Business reporter Debt advisors will no longer be allowed to receive a fee for referring people to debt solution companies. The Financial Conduct Authority (FCA) banned the fees after finding some companies were putting them ahead of customers’ best interests. The average fee advisors received for an individual voluntary arrangement…
DetailsThe repercussions of the pandemic and rising cost of living has claimed another victim in the hospitality industry, forcing an iconic Australian restaurant to shut its doors in two locations across NSW. Hogs Breath Cafe in Tuggerah and Coffs Harbour reportedly entered liquidation on Friday, after temporarily closing the venues for some time in the…
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