With his successful appeal against his 2020 convictions for fraud and insolvent trading, former Kleenmaid founder and director Andrew Young may have won that fight but possibly not the war. Following the failure of Kleenmaid in 2009, an ASIC investigation and prosecution by the CDPP, there were a number of … Read More...
Creating Better Futures
COVID-19 Information SheetsIn response to the COVID-19 crisis ARITA has created a range of information sheets on dealing with financial distress:
- Directors’ duties in uncertain financial times
- Guidance for accountants in public practice
- 8 Essential steps if your business is in distress
The question we have been asked so many times since the COVID pandemic hit. Given the huge disruption to our lives that COVID has caused, and the resulting uncertainty, financial mayhem was predicted. The speculation of a tsunami of insolvencies dominated conversations and the media. In response, the … Read More...
On 23 September 2020 at 4:27pm Josh Frydenberg announced “that the Morrison government is embarking on the most significant reforms of insolvency law in almost 30 years”. The government intends to introduce what it claims will be a single, simpler, faster, more cost-effective insolvency recovery process for … Read More...
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