When is a trustee’s work done? A registered trustee’s perspective

By Sean Wengel on 20/12/2019 04:23:29 am

This article was originally published in the Australian Financial Security Authority PIR Newsletter on 4 December, 2019 (Volume 17, Issue 4). Registered trustee Sean Wengel of William Buck shares his perspectives on the powers and obligations of trustees well after a regulated debtor is discharged from bankruptcy. A trustee might...
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The 7 red flags of illegal phoenixing

By Sean Wengel on 16/08/2019 12:07:08 am

Illegal phoenix activity involves the process of deliberately liquidating a company to defeat creditors. A company’s assets are stripped and then transferred with minimal consideration, to a new entity for the purpose of carrying on a new business. Illegal phoenix trading carves a trail of destruction through entire industries, costing...
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Unfair preference payments- protect yourself from the void

By William Buck on 03/06/2019 05:50:33 am

What are unfair preference claims? A preference is defined as where a creditor receives payment and the payer is insolvent at the time, and the creditor has received more than they would have in an orderly winding up of the payer. A Liquidator of an insolvent company has the...
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Have you received a Director Penalty Notice?

By William Buck on 05/02/2019 09:41:33 pm

As a director, it’s important that you ensure your company complies with its taxation obligations, or else risk personal liability for outstanding Pay As You Go and Super Guarantee Charge. Where a company does not meet its obligations to pay Pay As You Go (PAYG) and the 9.5% Super Guarantee...
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