Rodgers Reidy

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.

Following our previous deep-dive article on common issues and biases in unlisted valuations, we now look further at the teams of an investment manager (fund manager or super fund) who oversee unlisted valuations to ensure they are free from error and bias.

In the dynamic and often unpredictable world of hospitality, financial stability can sometimes be elusive. For many hospitality businesses in Australia, the challenges of managing debt can be overwhelming. However, the introduction of the Small Business Restructuring Process (SBRP) offers a lifeline.

Directors and shareholders can fall out for a variety of reasons. Sometimes there is fraud or dishonesty but often it is a mismatch between governance styles, risk appetite, views of the future and the value each brings to the table. Skills that may have been vital in the startup phase may be redundant, if not dangerous, to a mature business.

This article explores the key differences that can arise between listed and unlisted valuations, and the strengths and weaknesses of each methodology, taken from the viewpoint of someone who has worked on both sides of the fence.

Unlisted valuations are receiving increasing regulatory attention in Australia, with some outspoken market observers having labeled unlisted valuation practices as ‘dodgy’, while others continue to promote the methodology as superior to listed market valuations, which can be ‘irrational’ at times.

The Australian government’s spirit tax has been fermenting trouble for local distilleries in the land down under. The tax, which has recently risen to AU$101.85 per litre of alcohol, is now the third-highest in the world. This increase is part of an automatic adjustment in line with the consumer price index (CPI), a policy that has seen the tax soar by 16% over the past three years.

In an increasingly digital world, insolvency firms in Australia face unique cyber security challenges. Protecting sensitive client information, maintaining data integrity, and responding effectively to breaches are critical. Let’s explore strategies to enhance cyber security and manage data breaches within insolvency practices.

The Australian Taxation Office (ATO) plays a crucial role in revenue collection and ensuring compliance with tax laws. As we step into 2024, the ATO faces significant challenges in managing debt owed by individuals and businesses. Let’s explore the debt collection trends and policies shaping the ATO’s approach.