On 10 December 2020, the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 (Cth) (the “Bill”) was passed by the Federal Parliament. The Bill makes a number of amendments to the … [Read more...]
Extension of Insolvency Relief
The Federal Government has announced that the temporary insolvency relief implemented in March of this year pursuant to the Coronavirus Economic Response Package Omnibus Act 2020 (Cth) (the “Act”) … [Read more...]
Virtual company meetings, counterpart and electronic executions for corporate business is now permitted under new treasurer determination
On 5 May 2020, Treasurer Josh Frydenberg made a determination as a result of the ongoing COVID 19 saga that modifies the formal and traditional procedures for a company to:- Execute documents by … [Read more...]
New Corporations Act Penalties Strengthening Protections for Employee Entitlements
Recent amendments to the Corporations Act 2001 (Cth) (the “Act”) seek to deter avoidance of the payment of employee entitlements and to protect employee entitlements from transactions that avoid or … [Read more...]
Combatting illegal phoenix activity
The federal government in an effort to combat illegal phoenix activity has introduced the Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2018 and the Insolvency Practice Rules … [Read more...]
Safe Harbour and Ipso Facto Reform
On 12 September 2017, the House of Representatives passed the Treasury Laws Amendment (2017 Enterprise Incentives No 2.) Bill 2017 (Cth) (the “Bill”). The Bill amends the Corporations Act 2001 (Cth) … [Read more...]