Phoenix Taskforce goes door knocking
This week we were told that between 1 July 2020 to 30 June 2021, officers from ASIC and the ATO (‘the Taskforce’) conducted consultations with… Read More »Phoenix Taskforce goes door knocking
GM Posts
Legal Phoenix
Not all company failures involve illegal phoenix activity, as genuine company failures do occur. Where a director has responsibly managed a company and it subsequently… Read More »Legal Phoenix
Illegal Phoenix
Illegal phoenix activity is difficult to define and certainly there is no obvious statutory offence that refers to such behaviour in the Corporations Act. The… Read More »Illegal Phoenix
3 failures cops 4 years
In this WA case, the director was disqualified from managing corporations for 4 years for his involvement in 3 companies that went into liquidation –… Read More »3 failures cops 4 years
Deregistration vs Liquidation
Voluntary deregistration Deregistration can occur in two ways – either voluntary or involuntary. Let’s look at voluntary first. This involves the Company paying a $42… Read More »Deregistration vs Liquidation
Unfair Preference Claims
Liquidators should not use scattergun approach Unfair preferences are important recoveries for liquidators because in many cases they are all that can be used to… Read More »Unfair Preference Claims