BUNDABERG residents continue to struggle to pay off their debts as new figures reveal the number of locals falling into financial despair. The number of people who became insolvent between October and December last year dropped to 42, down from 44 in the September quarter. The Australian Financial Security Authority data shows the total number…
DetailsFormer One Nation senator Rod Culleton has lost his appeal over being declared bankrupt, capping off a bad day after the High Court earlier ruled he was ineligible to run for parliament in the first place. Mr Culleton was deemed bankrupt in December after he refused to comply with a 2013 WA District Court order…
DetailsAnother creditors meeting, for the troubled milk broker National Dairy Products, will be held soon. The meeting comes amid claims the company may now be put into liquidation. Deloitte joint and several administrator Glen Kanevsky has written to creditors, telling them the next meeting would be held on Monday, February 13. The second meeting of…
DetailsMumbai/Chennai: Corporate restructuring is a common practice. Assets or shares are transferred by one company to another group company for various business reasons. Such a transfer can even be done by way of a gift, which mitigates tax liability. It is this mode that the Budget proposals now seek to plug. Currently, taxation of gifts…
DetailsBy Sophie Vorrath on 3 February 2017 Upstart Australian power retailer Urth Energy has become the second energy market newcomer to fail within 12 months more than likely another victim of soaring wholesale electricity prices after administrators were called in this week, rendering it ineligible to trade on the NEM. In an announcement…
DetailsOne-time Williams farmer and disqualified Senator for WA Rod Culleton will learn his fate on various legal actions today. CONVERGING legal actions in different parts of Australia will further determine the political fate of disqualified WA Senator and anti-rural banking crusader Rod Culleton today. Mr Culleton was elected for One Nation at last years poll…
DetailsA woman on trial for pushing her husband to kill himself denied the allegations in a Cranbrook, B.C., court while admitting to having marriage troubles. Terri Reimer is accused of counselling her husband, Bill Reimer, to commit suicide as well as administering a noxious substance with the intent to endanger. He survived and is expected…
DetailsEveryone has seen TV ads for money lending companies, like Quick Quid, who give the impression financial troubles will be put right by borrowing pounds at vast rates of interest in this companys case 1,200 per cent said the small print at the bottom of the screen! I find these companies to be preying on…
DetailsRelated Story: Senate recount after High Court rules Culleton’s election invalid Former One Nation senator Rod Culleton has lost an appeal against a Federal Court ruling declaring him bankrupt, in his second legal loss today. Mr Culleton had fought the finding on several grounds, including that he was solvent when the…
DetailsCRANBROOK, B.C. A woman on trial for pushing her husband to kill himself denied the allegations in a Cranbrook, B.C., court while admitting to having marriage troubles. Terri Reimer is accused of counselling her husband, Bill Reimer, to commit suicide as well as administering a noxious substance with the intent to endanger. He survived and is expected to be one of several witnesses the Crown will call to testify. Provincial court…
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