In this section, Australian Company Liquidations provides the latest news and tips in business insolvency and liquidations.

Safe Harbour as temporary relief during COVID-19 (Coronavirus)

With COVID-19 causing major disruptions to businesses and impacting the economy as a whole, businesses are faced with many unforeseen challenges. At times of financial distress you may be finding it tough navigating through difficult financial situations. You may be worried about your duties as a director or business owner. According to the Corporations Act 2001 directors have the duty to prevent the company from incurring further debts once the company is insolvent, and if you fail to do so

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Why A Company Liquidation Could Be the Best Thing for Your Business

Are you thinking about liquidating your company, but you aren’t sure if it is the right decision or not given all of the government stimulus packages which are available at the moment? If your company was insolvent before all of the government stimulus was put in place then it is likely that your business will continue to be insolvent when the government stimulus comes to an end. At Australian Company Liquidations, we have listed below the top 5 reasons why

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What you need to know about Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020

On 5th of February 2020 both houses of parliament passed the Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019. This legislation was to target and address illegal phoenixing activities. Please click here if you would like to learn about what is a phoenix company. Below is a summary of the changes introduced with the new legislation:   Phoenixing offences: In targeting those who conduct or facilitate illegal phoenixing, enforcement options were strengthened through the introduction of new phoenix offences and

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