Growing pains can be fatal
The growing pains of a business will too often herald its demise. Too many businesses though well established and looking good can become fatally unhealthy because owners impulsively decide to grow them. Read More
News
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Thursday, May 29 2014 -
PPSR Case Update and Proposed Changes
Wednesday, May 28 2014 A few months ago, we discussed in our monthly newsletter the PPSR and how it affects you as a business owner or adviser when security interests’ are contested. Just to jog your memory, the Personal Properties Security Register or PPSR, was set up in 2012 under the Personal Properties Security Act 2009 enacted by the Rudd government. The aim was to register a person or businesses’ security in a company for a number of reasons, but from our perspective it provides a list of security interests in the unfortunate event of insolvency. Read More
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Act now to prepare for PPSA amendments
Wednesday, April 23 2014 Debate in the House of Representatives was adjourned in March following the second reading of a Bill to amend the Person Property Securities Act 2009 (PPSA). We recommend that all who are likely to be affected by the reform, make the most of the hiatus by preparing themselves and their businesses for consequences of the new legislation. Read More
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A house - an increasingly problematic investment
Wednesday, April 23 2014 Australia's $4 trillion housing market, overvalued by at least 10% but probably more, is on the verge of becoming the most expensive residential market in history. This is happening as respected former Treasury economist Kieran Davies, now Barclay’s chief economist, warns that Australian household debt has hit a record 177% of annual disposable income, while housing valuations are “flashing red”. Read More
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A Sad and Sorry Super Tale that Worries us
Thursday, March 27 2014 As insolvency practitioners we come across a sad and sorry tale that worries us all too frequently. Because of misplaced trust in their employers, many employees lose their superannuation when companies go belly up. Read More
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Phew! That was a close one for the building sector
Thursday, March 27 2014 A recent decision of the Full Federal Court will give governments a sporting chance of cooperating to make viable desperately needed infrastructure projects that can keep the State’s construction sector visible. Read More