Banks increase bankruptcy risk in building industry
Recent changes by banks to their lending practices have increased builders’ risks of bankruptcy by in effect, forcing them to become de facto financiers for medium term debt. Read More
News
-
Thursday, December 13 2018 -
Small business is supporting proposed anti-phoenix law
Thursday, December 13 2018 Predictably some small business owners are saying the Federal Government’s draft legislation to stop phoenixing won’t work – including a requirement for company directors to have identification numbers (DINs). However, while a minority claim “this is a proliferation of red tape”, most believe the proposed legislative reform is clearly in their best interests. Read More
-
PPSR - Significant January 2019 issues
Thursday, November 15 2018 January 2019 marks 7 years since the inception of the Personal Property Securities Register (PPSR) and 7 years of registrations on the PPSR. It also marks a raft of potential issues for PPSR managers. Read More
-
Company directors will soon need identification numbers
Thursday, November 15 2018 To help protect businesses from phoenix activity and its annual cost to the Australian economy of up to $3.2bn, the Federal Government will introduce legislation requiring company directors to have identification numbers. Read More
-
What the new GST regime means to residential developers and buyers
Thursday, November 15 2018 Since 1 July this year, purchasers of new residential land and subdivisions have been required to withhold GST payable on the sales to remit it direct to the Australian Tax Office (ATO). Read More
-
We're sailing well enough now, but beware storm clouds ahead
Thursday, November 15 2018 There are already signs that the “window of opportunity” for individuals and businesses referred to in last month’s newsletter, is closing. Read More