by John Kukulovski | Dec 11, 2023 | Business, Insolvency
In the face of an increased number of Applications to Wind Up issued by the Australian Taxation Office (ATO) against companies with unsettled tax liabilities, a strategy known as the “11th hour VA appointment” is emerging to circumvent immediate...
by Liam Bellamy | Dec 11, 2023 | Business, Restructuring
December traditionally marks our compilation of an annual list chronicling the year’s most notable corporate collapses. This task posed a challenge for several years due to the scarcity of corporate insolvencies in Australia and on the global stage. However, 2023...
by Liam Bellamy | Dec 9, 2023 | Business, COVID-19, Insolvency, Restructuring
Background: RRI embarked on its first small business restructuring endeavour with a complex introduction to the process. We were engaged by an Indigenous Corporation in South Australia to serve as the Restructuring Practitioner for their social enterprise. The...
by Liam Bellamy | Nov 16, 2023 | Business, Insolvency, Restructuring, Tax & Accounting
The insolvency landscape in Australia has been experiencing notable shifts recently, with insolvency numbers returning to pre-pandemic levels. The initial post-COVID period saw a rise in construction-related insolvencies, but more recently, the issue has become...
by Liam Bellamy | Oct 14, 2023 | Business, Insolvency
Section 203AB of the Corporations Act 2001 (Cth) was introduced in 2020 by the Australian Federal Government to combat “phoenixing,” a practice where companies evade debt by liquidation or abandonment. This section renders a director’s resignation...
by Liam Bellamy | Sep 12, 2023 | Business, Insolvency
Liam Bellamy, a Founding Partner of RRI, was entrusted with the role of Administrator for a prominent Crane Company in Victoria. The company specialises in Mobile Crane and Crane Labour Hire Services within Victoria and is a critical player in the region’s...