Guidance from the Fair Entitlements Guarantee on determination of employment status and changes to the Fair Entitlements Guarantee claimant experience
As a great many of our readers will know, the Fair Entitlements Guarantee (“FEG”) is a safety net of last resort that assists eligible employees with payment of their entitlements in circumstances where their employer has gone into liquidation or bankruptcy. I have written about FEG in the past and you can refresh yourself […]
Losing the war because you can’t front up to battle
We understand the frustrations expressed to us by creditors who lose money when a company enters into external administration. Though not our doing, we often receive the brunt of the gripes from creditors in the form of angry telephone calls and emails, but often to the credit of these aggrieved parties, we are often seen […]
So your client has gone into liquidation – what are your obligations as the accountant?
The vast majority of the liquidation appointments that we handle at Equinox (Formerly HLB Mann Judd Insolvency WA), are voluntary appointments. That means the directors are often referred to us by their accountants and if when a formal appointment is made, there are no surprises about the process. For us, this means we endeavour […]
Bankruptcy Online
At Equinox (Formerly HLB Mann Judd Insolvency WA), where individuals have little or no assets, we assist on a complimentary basis with preparing and filing their Statement of Affairs and Debtors’ Petition documentation as part of the process to enter into voluntary bankruptcy. It is a service that we offer to our valued referral network […]
World Mental Health Day
The month of October is devoted to World Mental Health Month and today, Thursday, 10 October, is World Mental Health Day. At Equinox (Formerly HLB Mann Judd Insolvency WA), we regularly meet with people that are doing it tough in their businesses. And that, more often than not, means life in general is pretty […]
How the ASIC Published Notices Website can help you and your clients
At Equinox (Formerly HLB Mann Judd Insolvency WA), we are often contacted by members of our valued referral network to inquire about whether a certain company has gone into external administration and for a clue on who the external administrator might be. Our first port of call to assist with these queries is the […]
In-specie land distributions and concessional transfer duty assessments. What the OSR takes into account when assessing eligibility in a Members’ Voluntary Liquidation
In-specie distributions of land in a Members’ Voluntary Liquidation are common. They are an effective way to transfer land out of the name of a corporation and into the names of the shareholders and in most circumstances, in a way that minimises transfer duty levied by the Western Australian Office of State Revenue (“OSR”). […]
And you thought DPNs were tough already? The use of ‘estimates’ and the introduction of GST
As readers will be aware, the Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 is strengthening the Director Penalty Notice regime. Last month I reminded readers about how the DPN regime currently works and introduced the subtle change to SGC reporting and the ‘lockdown’ liability of directors moving forward after 1 April 2019. […]
Explaining the Liquidator’s power of disclaimer
When a company enters into liquidation, the appointment of a Liquidator does not automatically bring a contract to an end. A Liquidator has the power under section 568 of the Corporations Act 2001 to disclaim property that they do not wish to retain because it is too onerous, worth little or is unrealisable. […]
Inspecting the records of a company in liquidation – who can do what?
At Equinox (Formerly HLB Mann Judd Insolvency WA), we are occasionally approached by creditors and third parties for an opportunity to inspect the records of a company in liquidation. Sometimes the request is made by a competitor, for which there are no legitimate grounds to acquiesce to the request. In a marketplace where commercial […]