Former directors can still face serious consequences after resigning as a director, particularly where a company has unpaid tax or superannuation liabilities connected to a period during which they were involved in the company. A Director…
Misleading And Deceptive Conduct In Business Sales
Buying or selling a business in Queensland often involves detailed financial records, trading figures, employee information and due diligence material. If that information is inaccurate, incomplete or presented in a way that creates a false impression,…
Priority of Creditors in a Liquidation: Who Gets Paid First?
When a company goes into liquidation, one of the first questions creditors ask is a simple one: will I get paid? The honest answer is that it depends, and it depends largely on where you sit…
Queensland’s New Trusts Act: What Trustees, Beneficiaries and Advisors Need to Know
The Trusts Act 2025 (Qld) (Act) commences today, repealing and replacing the Trusts Act 1973 (Qld) legislation that had governed Queensland trusts for more than 50 years. The new Act gives effect to long-awaited reforms recommended…
Service of Bankruptcy Notice: A Guide for Creditors and Debtors
Whether you are a creditor seeking to enforce a debt or a debtor who has just been served with a Bankruptcy Notice, understanding the strict procedural rules of the Bankruptcy Act 1966 (Cth) is critical. A…