Australia will see a raft of reforms to the national bankruptcy system introduced so that debtors involved in personal insolvency matters receive fairer outcomes. On Monday, Attorney-General (A-G) Mark Dreyfus said key changes would lift the stigma associated with filing for bankruptcy. The changes include increasing the timeframe in which a debtor may respond to…
DetailsThe Federal Court’s recent decision in Stone (Liquidator), in the matter of RIC Admin Pty Ltd (in liq) v Mandalinic (No 2) [2024] FCA 164 demonstrates the analysis the courts will undertake in determining a director’s personal liability for insolvent trading, even when the director does not appear for the hearing. The case reiterates how…
DetailsAttorney-General Mark Dreyfus said the amendments would ensure a fairer outcome for debtors in the personal insolvency system. Subscribe Subscribe to Regulation Asia to gain access to APACs leading platform for news, analysis, research and verified data on financial regulation. Select subscribe below to view our subscription packages or you can email us at [email protected]…
DetailsThe e-bike business at the centre of allegations made against independent MP Darleen Tana and her husband has gone into liquidation this afternoon. The findings of a Green Party-commissioned investigation into Tana were publically released earlier today after she resigned from the party last week. Her husband Christian Hoff-Nielsen owns the business which has become…
DetailsBy Stephen Johnson, Economics Reporter For Daily Mail Australia Published: 18:38 AEST, 15 July 2024 | Updated: 19:54 AEST, 15 July 2024 A construction company has plunged into liquidation after building an apartment complex for socialite entrepreneur John Singleton … Read the full article at: https://www.dailymail.co.uk/news/money/article-13634213/Stevens-Construction-NSW-Central-Coast-company-built-apartments-John-Singleton-supermarkets-Woolworths-Coles-goes-liquidation.html
DetailsThe firm had a portfolio worth more than $400 million, ranging from luxury apartments and affordable housing to retail projects, but on Friday formally went into liquidation, according to documents filed with ASIC. Creditors have been told to submit their debts or claims by August 5. Stevens Construction has collapsed two months after going into…
DetailsVictoria’s Supreme Court of Appeal has wiped a punter’s $150,000 debt after ruling paperwork failures rendered the bets invalid. Bookmaker David McLauchlan took action against punter Allen Ng after the punter incurred hefty losses between February and April 2020. The County Court ruled in McLauchlan’s favour in 2022, ordering Ng to pay the debt and…
DetailsA 16-year-old Melbourne boy was able to gamble nearly $100,000, including at suburban pubs, despite his mother desperately seeking help, a court has heard. The Melbourne magistrates court heard that when his mother discovered his gambling habits, she began a frantic mission to get him help, only to be repeatedly turned away. In April last…
DetailsLast week I scored a trifecta, managing to upset people in three ways. First, for my supposed anti-immigration stance, second, for hating on Elon Musk (the bromance is still strong with some readers, even though his car company is as bad as the rest in terms of spying on drivers) and, finally, from animal lovers…
DetailsSKEcoplantheadquartersinSeoul(ByDae-chulLim) SK Ecoplant Co., a South Korean construction engineering and waste management company, is set to merge a profit-making technology subsidiary of the parent SK Group as the countrys second-largest conglomerate is seeking to streamline its business to focus on promising growth sectors. The restructuring, along with SK Ecoplants merger with SK Materials Airplus Inc.,…
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