Rodgers Reidy

The lead-up to Christmas is meant to be the most wonderful time of the year. However, for many Australian directors, it turns out to be the most dangerous.

This is one of the most persistent and damaging myths we hear every week from distressed clients who are terrified of taking the very step that would actually set them free.

The reality in Australia is very different.

 Bankruptcy lasts 3 years and 1 day from the date your Statement of Affairs is accepted by the Australian Financial Security Authority (‘AFSA’). On day 1,095 you are automatically discharged from bankruptcy. Full stop.

The ATO has materially tightened recovery. In FY2023–24 it issued 26,702 DPNs (up ~50% on the prior year), and by 31 March 2025 had already issued 59,320 for the year to date. Enforcement is back on in earnest.

We are proud to introduce the Rodgers Reidy Australia Asia Advisory service. Our team here and throughout Asia is uniquely positioned to guide both Australian and Asian companies dealing with Asian complexities and Asian stakeholders navigating the cross border rules.

As cross-border trade and investment between Australia and Asia continue to deepen, the need for robust and predictable legal frameworks for when things go wrong has never been greater. Fortunately, Australia provides a beacon of clarity in the often-complex world of cross-border insolvency.

From 1 July 2026, the Superannuation Guarantee (SG) will move from quarterly to payday frequency. Employers will be required to calculate, report, and pay SG with every payroll run – exactly the same time they pay wages.

As insolvency practitioners and advisors, directors often ask us two questions: “Am I liable? And for what?”

Australia’s traffic control industry is currently facing significant financial distress, largely due to the cascading effects of challenges in other sectors, particularly construction and events management. This article explores the interconnected nature of these industries and highlights the growing number of insolvencies within the traffic control sector.

The Australian Federal Election is a pivotal event that can significantly influence the direction of the nation’s economy. The policies and priorities of the newly elected government have far-reaching implications for various sectors, including insolvency markets, debt collection practices by the Australian Taxation Office (ATO), and the handling of winding up applications.

The global bicycle industry has experienced significant upheaval in recent years, driven by a confluence of factors that have reshaped the market landscape. From the surge in demand during the COVID-19 pandemic to the current challenges of market saturation, brand domination, and the impact of failed wholesalers, the industry is navigating a complex set of issues. Here, we explore these challenges from the perspective of the Australian bicycle industry and consider potential strategies for moving forward.

In the complex world of business, financial distress can strike even the most well-managed companies. When faced with such challenges, many business owners and stakeholders may not fully understand the options available to them. One such option is the voluntary administration process in Australia, which can provide a lifeline for businesses struggling with financial pressures.

Australian farmers are the backbone of our nation’s food supply, yet they are facing unprecedented pressures that threaten their livelihoods and the sustainability of their operations. Among the most significant challenges are a lack of government support, rising labour costs, and shrinking commodity prices driven by the dynamics of supermarkets and other retailers.

At Rodgers Reidy, we often provide shadow valuation services to support legal proceedings and dispute resolution or test the robustness of existing expert reports. In doing so, we frequently uncover recurring issues and biases that can undermine the credibility and accuracy of valuation conclusions, particularly in the SME (small to medium enterprise) sector.

The landscape of financial regulation in Australia is undergoing significant changes with the introduction of new Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) reforms.