Australia’s housing market will be the top risk facing credit markets next year, compounding an already bleak real estate outlook according to Fitch, one of the world’s leading credit rating agencies. Read More
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
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
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
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
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
