Did we just accidentally give away our security?
This article is a timely reminder for secured creditors to tread carefully with compiling and lodging their proofs of debt in a liquidation scenario. At Equinox (Formerly HLB Mann Judd Insolvency WA), we are required to send out a lot of paperwork nowadays to be returned to us for processing. As our notifications and […]
Safe Harbour – is it really a viable protective option for directors?
Since their inception in September 2017, the safe harbour laws have been welcomed by directors and their advisors alike. Offering ‘safe harbour’ from civil insolvent trading claims from Liquidators, the law reforms were regarded as a significant step forward for the restructuring and insolvency industry in Australia. Historically, at the first indication of insolvency, directors […]
DPN Update – Directors beware!
At Equinox (Formerly HLB Mann Judd Insolvency WA), we always warn and remind directors and their advisors to be wary of personal liability that is associated with PAYG-w and superannuation guarantee charge (“SGC”) arrears in connection with the Director Penalty Notice (“DPN”) regime. In most cases, directors and their advisors are aware of the […]
‘Home for Dinner’ at Ronald McDonald House
On Friday 7 June, our team celebrated HLB Communities Day. This was a global initiative led by HLB International as part of its 50th anniversary. The idea was that all staff in the international network come together to give back to local and international community projects. HLB staff collectively volunteered 8,497 hours through 1,320 participants […]
PPSR – know who you’re dealing with so you can register correctly
In our trade, we recognise that in order to offer tailored guidance on what steps to take in the event of financial distress, it is really important to know as much about the entity we are assisting and its underlying structures. Accordingly, we conduct searches of public registers, including the Personal Property Securities Register, or […]
Why you should leave the office on time every day
I am a big believer in work/life integration. As a father of two little and energetic girls, I cannot afford to drop the ball when it comes to family. Equally, my job is challenging and demanding and sometimes I feel like there are not enough hours in the day to do what I need to do. […]
Who gets what in Liquidation?
We are often asked about how funds are distributed in a liquidation scenario. Occasionally we need to clarify some misunderstandings around the process generally and order of priority of dividend distributions. This article is designed to shed some light on the process and the order of payments. Funds remaining in a liquidation after payment […]
How to focus more effectively so you can get more done
Henry Ford once said, “thinking is hardest work there is, which is probably the reason why so few people engage in it”. And in a world that is saturated by distractions – Outlook, Facebook, YouTube, Instagram, Twitter, Snapchat, WhatsApp, IM – it’s a wonder, then, how we get anything done at all when all […]
Members’ Voluntary Liquidations and how they can assist your clients (tax season is coming)
As 30 June quickly approaches, accountants across our great state will be preparing for the inevitable onslaught that will keep them busy for months. The purpose of this article is to bring to your attention the purpose and procedures of a Members’ Voluntary Liquidation (MVL) and the benefits they can offer your clients as they […]
Five minutes with Greg Quin
Welcome Greg… tell us a bit about yourself… I was born in Perth and spent the first seven years of my childhood in sunny (and windy) Geraldton. My family moved back to the northern suburbs of Perth in the early 90s. I went to Newman College in Churchlands as the only kid from my primary […]