Navigating Bankruptcy in Australia – What You Need to Know About Property Revesting (Part 2)

In Part 1 of this series, we explored the concept of “divisible property” under the Bankruptcy Act 1966 (“the Act”) and a common misconception that this type of property, such as real estate, automatically reverts back to bankruptcy upon discharge from bankruptcy after the normal three-year period. However, in reality, the Act prescribes that the […]
Could Your Business Be at Risk?

Navigating Financial Reporting & Compliance for Foreign-Controlled Companies! Overview of the Corporations Act 2001 The Corporations Act 2001 outlines the financial reporting and auditing requirements for companies in Australia, including small companies controlled by foreign entities. These requirements promote transparency and accountability, providing crucial information to investors, creditors, and regulators. Financial Reporting and Minimum Officeholder […]
Discover positive outcomes with a Members’ Voluntary Liquidation.

The term “liquidation” is frequently associated with financial collapse, fraudulent activities or creditors losing out. As a result, the phrase often gets a very negative “feel”. However, amidst this negative perception, there exists one form of liquidation that offers a very positive outcome, and that is a solvent liquidation known as a Members’ Voluntary Liquidation […]