Public servants at Centrelink have been threatened with disciplinary action or even criminal prosecution as their bosses at the welfare agency try to stem the flow of internal leaks about the agency’s “robo-debt” campaign. Several workers have gone public about the debt recovery debacle since the controversy emerged last month and now Centrelink’s parent department,…
Details20th Century Fox is bringing back the ’90s with a reboot of the sports flick White Men Can’t Jump, according to the The Hollywood Reporter. The 1992 movie centers on two men who compete in street basketball and then join forces in an epic tournament. One is, as the title suggests, a white man who…
DetailsDEBT ADVICE Creditfix will talk through the position people are currently in and what route they can take to deal with their debts DEBT after the festive period is something weve all worried about.After the tree comes down and the decorations are packed away, many are left worrying how to manage the dent in their…
DetailsTroubled Australian music streaming service Guvera has escaped an attempt to have its business sent to the liquidators. An investor had been seeking an order to wind up the Gold Coast company, claiming a debt of almost $1.8 million. Guvera was shaping as Australia’s biggest challenger to streaming giants Spotify and Apple. Kwong Properties took the business, which was…
DetailsA new scheme to help borrowers reduce their debt burden starts next Monday. The debt consolidation plan, as it is called, targets people who will be affected by upcoming changes in borrowing limits. Under these rules, starting in June, unsecured debts cannot exceed 18 times a borrower’s monthly pay. In June 2019, that drops to…
Details1) JFD registered as a Wholly Foreign Owned Enterprise of Tri-way The operating company of Aqua Farm 1, Jiangmen City A Power Fishery Development Co. Ltd. (“JFD”) has been registered as a Wholly Foreign Owned Enterprise (“WFOE”) of Tri-way by the Authorities of PRC Business Registration. Thus, shareholders of Sino Agro Food, Inc. are legally…
DetailsJan 17 Sino Agro Food Inc : * Sino Agro Food provides updates on the restructuring of its aquaculture business * Sino Agro Food Inc – “completed important legal due diligence and made meaningful progress toward restructuring, carve-out and subsequent spin-off” * Sino Agro Food Inc – in addition to providing dividend shares to current…
DetailsA Richmond law firm hit by a massive trust fund shortage has filed a notice saying it is insolvent and will make a proposal to creditors under the Bankruptcy and Insolvency Act. Richmond lawyer Hong Guo, whose firm completes about $700 million a year in real estate transactions, said in recent legal filings…
DetailsTotal personal insolvencies went up by 0.9 per cent year-on-year in the December quarter 2016 with debt agreements and personal insolvency agreements increasing by 9.5 per cent and 4.9 per cent, respectively, according to the Australian Financial Security Authority (AFSA). At the same time, AFSA said that bankruptcies fell by 4.9 per cent year-on-year. The…
DetailsRELATED COVERAGE Sports wagerers with debts of tens of thousands of dollars are regularly presenting to Child and Family Services Ballarat, the service said. Every two to four weeks a person will seek help with debts which are out of control for their stage of life because of compulsive sports betting, CAFS financial counselling coordinator Colin Handreck…
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