Major Reform of Australian Insolvency Laws announced today: What does this mean for Your Business? The Morrison Government has today announced the most sweeping changes to Australian Insolvency Law in over 30 years. In anticipation of a significant increase in the number of small businesses being put into external administration following the end or temporary […]
The October effect refers to the psychological anticipation that financial declines and stock market crashes are more likely to occur during this month than any other month. After what has already been a torrid year for Australia with bushfires and Covid 19, October 2020 looms with: The typical pre-election business slump; Loan deferrals ending; Lease […]
The Australian economy is currently experiencing its biggest economic contraction since the1930s. Australia’s triple A credit rating is intact but on a negative slope, according to credit rating agency, S&P Global. In June, the Reserve Bank of Australia (RBA) confirmed there is considerable uncertainty about when the economy will recover. What is certain is that […]
Under temporary new Australian laws relating to corporate debt collection, creditors still have the right to enforce debts through the courts but the thresholds have changed. In response to the economic fallout from the coronavirus pandemic, the new laws will remain in place for the next six months, with the option to extend to a […]
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