With interest rates going up along with the costs of living, more and more people are starting to experience trouble meeting their loan obligations, and it is predicted that this financial strain is unlikely to subside…
Directors Beware!
In an effort to deal with the unprecedented disruption caused to businesses by the onset of the COVID pandemic, many (well publicised) measures were implemented by both State and Federal Governments to assist businesses survive, and…
ATO Recovery/Enforcement Action: Beginning of the End?
Over 18 months have passed since the COVID Pandemic caused a significant change in the enforcement policy within the ATO’s debt/tax recovery teams. While initially this policy was (at least in part) mandated by the Federal…
Licence Please?
Consumers seeking the services of debt management firms are often at their most vulnerable and experiencing significant financial hardship. Unfortunately, there is now substantial evidence from a range of industry stakeholders, including consumer advocates, industry ombudsman,…
Peak Indebtedness Rule abolished
The ‘peak indebtedness rule’ is no more (or at least, pending any appeal) following the recent decision of Badenoch Integrated Logging Pty Ltd v Bryant, in the matter of Gunns Limited (in liq) (receivers and managers…