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29/03/2021
Rodgers Reidy

Directors' Personal Liability for Company Taxation Debts & Superannuation

With the Jobkeeper subsidy having now ended, it is a timely reminder for directors to understand the personal liability they can face for Company tax debts. In April 2020 the ATO added GST, Luxury Car Tax ("LCT") and Wine Equalisation Tax ("WET") to the list of taxation debts for which a director can be held personally liable. The ATO can also impose a 200% penalty on employers who do not lodge their Superannuation Guarantee Charge (“SGC”) statement on time. Given the draconian effects that these laws can have on the company and the directors’ personal financial position we set out below a short summary of the laws which should be required reading for all directors and their advisors.
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26/03/2021
Rodgers Reidy

What is the Fair Entitlement Guarantee scheme?

The Fair Entitlements Guarantee (“FEG”) is a scheme introduced by the Australian Government for employees who have lost their job due to their employer being either declared bankrupt or placed into liquidation. In circumstances where the insolvent employer is unable to meet outstanding entitlements owing (excluding superannuation), the FEG scheme will act as a safety net for these employees and will pay these entitlements in accordance with the Fair Entitlements Guarantee Act 2012 (FEG Act).
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16/03/2021
Rodgers Reidy

Lunch n Learn Webinar - Strained Relations

The current trade war with China and what it means for Australia As we leave the Year of the Water Rat for the Metal Oxen, we leave behind a year of anxiety and change for one of hard work and stability. To better understand what is happening, where it may end and maybe some tips on navigating the maze, we've put together a panel of experts on trading with China for our next Lunch n Learn session.
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05/03/2021
Rodgers Reidy

Australian Insolvency - February 2021

The tables in the following link summarise data essentials captured from Rodgers Reidy's daily Risk Watch publication, which provides a synopsis of the insolvency market for February 2021 including:
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22/02/2021
Rodgers Reidy

Australian Insolvency - January 2021

The tables in the following link summarise data essentials captured from Rodgers Reidy's daily Risk Watch publication, which provides a synopsis of the insolvency market for January 2021 including:
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01/02/2021
Rodgers Reidy

Rodgers Reidy Unite with Ascent Partners to provide business turnaround services

We are delighted to announce that Rodgers Reidy have united with Ascent Partners to bring business turnaround services to the printing industry. Ascent Partners specialise in service to the Australian Printing Industry, and together with Rodgers Reidy can provide a wide range of services to struggling printing businesses. A free initial consultation is offered by both Rodgers Reidy and Ascent Partners.
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29/01/2021
Rodgers Reidy

New Simplified Liquidation Pathway

The Creditors Voluntary Liquidation (CVL) process in Australia has been streamlined by the Federal Government providing a simpler pathway that will be quicker while providing better returns for creditors. A new streamlined liquidation pathway was enacted by the Australian Federal Government on 1 January 2021 which is intended to reduce time and cost in the creditors voluntary liquidation (CVL) process and aims to ensure better returns for creditors.
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20/01/2021
Rodgers Reidy

Australian Insolvency - December 2020

The tables in the following link summarise data essentials captured from Rodgers Reidy's daily Risk Watch publication, which provides a synopsis of the insolvency market for December 2020 including:
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19/01/2021
Rodgers Reidy

Webinar Recording: How to Lose a President in 10 Days

The Rodgers Reidy January 2021 webinar featuring Brent Morgan (Rodgers Reidy - Melbourne) and Wayne P. Weitz, CTP (B Riley Advisory Services - New York) where they discuss the current situation in the United States surrounding the presidential election, inauguration, impeachment, riots and others matters, including the effect it may have on the Australian economy and business can be watched in the video in the link below.
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18/01/2021
Rodgers Reidy

Changes to Director Penalty Notices go un-noticed

Among all of the changes during the past 12 months to the business landscape in Australia, a critical change for Directors’ personal liability may not have been as widely talked about as it otherwise would have.
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18/12/2020
Rodgers Reidy

Webinar Recording: Return to Work 2021 (the road to recovery)

The video from our Lunch N Learn session on 16 December 2020 on Return To Work issues, including Employment and the Property outlook for 2021 with panelists Brent Morgan, Neil Salvador, Paul Sutherland and Neil McLean.
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03/12/2020
Rodgers Reidy

Can PPSA protect a Directors personal position?

In these challenging times, many business owners are facing circumstances that they have never faced before.
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02/12/2020
Rodgers Reidy

How are a director’s outstanding employee entitlements dealt with in a Liquidation?

An Insolvency Practitioner’s response to this question is guided by the definition of “Excluded Employee” within Section 556 of the Corporations Act 2001.
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