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 Government took fairly immediate action to implement…
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 small business. The new insolvency regime is a…
Most of us lead someone, somewhere, sometime. At work, at home and/or with friends. To the extent that we lead, we usually want to be good at it or like to think we are. But how do you picture or want to picture your leadership style? A benevolent dictator? An exemplar of unparalleled discipline, fabulous…
I keep hearing “When will we be returning to normal after COVID-19”, or from those who acknowledge some things may be permanently changed, the “new normal”. But I balk at the notion that we can ever be in a “normal” state. Returning to normal is not possible, no matter how defined. The world constantly changes,…
It’s on its way – a director ID (Director Identification Number). A unique identifier that a director will keep forever. The aim is to prevent the appointment of fictitious directors (Homer Simpson, Marilyn Monroe), and facilitate traceability of their profile and relationships with companies over time. Some detail: Expected to begin in the first half…
Is this for you? Or is it just “fluffy science” or “happiology”? Positive psychology is the scientific study of human flourishing, and an applied approach to optimal functioning. Positive psychology studies what makes life most worth living. Its theory is more than an edict to “be positive” and is far more than self-help material based…
Kleenmaid, a business founded by Andrew Young in 1980, was an Australian-owned domestic appliance importer and retailer, operating a chain of company and franchised stores across Australia. Its first product was an American-manufactured washing machine sold through appliance service agents. In 2008, rumours started to circulate about the financial stability of the company. Administrators were…
(Super Guarantee Amnesty) Nearly two years after it was first introduced into parliament, the Superannuation Guarantee Amnesty was finally passed by parliament on Monday. The legislation still requires Royal Assent. Normally, if you are late paying your staff’s super: The super payments are not a deductible expense, and You will be charged stiff penalty interest…
The word “bankrupt” is derived from two Italian words: banca (table or bench) and rotta (broken), which references Italian traders, who upon becoming insolvent, were said to have a “broken bench” (banca rotta) or in Latin, bancas ruptus. The word had its French equivalent, banqueroute. The term appears to stem from a widespread custom in…
“If you tell the truth, you don’t have to remember anything.” Mark Twain died on 21 April 1910. More than a hundred years ago. The only difference in his lifetime and ours, when contemplating lies and truth, is that today in the time it takes for the truth to put its shoes on, a lie…
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