Urgent warning issued to millions of Australians with student debt – with payments set to soar again HECS-HELP indexation forecasted to reach 7 per cent Rise will be confirmed after ABS March quarter figures Indexation will impact graduates wanting home loans By Courtney Gould For Nca Newswire Published: 11:08 AEST, 17 April 2023 | Updated: 11:20…
DetailsSafe Harbour aims to encourage directors to take reasonable risks to save a company from financial distress without exposing themselves to personal liability for insolvent trading. The statutory provision provides relief from potential personal liability for directors in situations where the company is experiencing financial difficulties and the directors meet strict criteria. Amongst other things,…
DetailsSeveral home builders in Victoria have been failing to take out the necessary insurance before taking deposits, exposing customers to thousands of dollars in potential losses. The Age has confirmed several examples of builders being fined for insurance breaches and obtained contracts showing a major home builder delayed taking out insurance on two occasions. Protesters…
DetailsFriday evening flipping between a couple different codes of football and the article Callide C co-owner Intergen goes into voluntary administration by Mark Ludlow popped up in my feed: Well worth a read. Not really a surprise, given developments over the past two years: 1) Callide C4 has been offline for fast-approaching 2 years (since…
DetailsTea major McLeod Russel India Ltd and IL&FS are currently engaged in negotiations towards an out-of-court settlement, which is expected to be reached within the next two weeks. The Brij Mohan Khaitan group company is attempting to avoid insolvency through an out-of-court settlement. IL&FS Infra Asset Management is an asset management company which manages IL&FS…
DetailsA man described as being at the apex of a South Australian drug syndicate has been sentenced to nearly 20 years in prison. Key points: An SA man has been sentenced to 19-and-a-half years in prison for drug offences dating back to 2006 Robert Gordon Pollybank Gee fled to Thailand in 2011 while on bail,…
DetailsAmbus Hunter grew his net worth to roughly $600,000 a decade after almost losing everything because of a gambling addiction, he said.Ambus Hunter Redeem now Ambus Hunter, 36, said he almost went broke when he became addicted to gambling over a decade ago. His net worth is now about $600,000, and he works part time…
DetailsThere was optimism at the spring meetings of the I.M.F. and World Bank that China will make concessions over restructuring its loans. WASHINGTON China, under growing pressure from top international policymakers, appeared to indicate this week that it is ready to make concessions that would unlock a global effort to restructure hundreds of billions of…
DetailsLenders of debt-ridden Future Retail Ltd (FRL) has sought an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company. The resolution professional of FRL has filed an application before the Mumbai bench of the National Company Law Tribunal (NCLT) “seeking exclusion of a period of 90 days from CIRP…
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