ATO Debt Recovery Recommences in Response to Rising SME Debt Statistics

Strain face Asian woman hand holding expense bill and calculation about debt bills monthly at the table in home office.

ATO Debt Recovery Recommences in Response to Rising SME Debt Statistics

In a June 2021 report titled “Investigation and Exploration of Undisputed Tax Debts in Australia” (the Report), the Australian Taxation Office (ATO) provided taxpayers with insight into the current...

Enforcing a debt judgment

Enforcing NSW Local Court Judgments

You’ve obtained a Judgment from the Local Court of New South Wales that requires the judgment debtor to pay you money. What can you do if they don’t pay? Judgment debts are enforceable for 12 years...

Female accountants are checking company revenue from the impact of a virus outbreak.

Debt Management Licensing Amendments – Are you impacted?

On 1 July 2021, the National Consumer Credit Protection Amendment (Debt Management Services) Regulations 2021 (Amendments) came into effect. As a consequence of these Amendments, debt management...

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The Insolvency Glossary; Key Terms Explained

Insolvency law is complex, which is why we have put together easy-to-understand definitions of some of the more commonly used terms in insolvency law in order to assist you should you come across a...

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What to do if someone isn’t paying your bills?

If you have a customer/client that is not paying their invoices on time or is refusing to pay for works and/or services provided, then you may have to start your debt recovery process. In order to...

Strain face Asian woman hand holding expense bill and calculation about debt bills monthly at the table in home office.

How long can you be chased for a debt?

Have you ever wondered how long you can be chased for a debt or how long you have to recover your unpaid debts? In most states in Australia, the limitation period for debts is for six (6) years...

Businesswoman Bumping Elbows in Post Pandemic Office

Three Ways to Ensure your Business is Viable Post COVID-19

In 2020, COVID-19 forced most Australian businesses to change how they operate and to seek assistance, with 55% accessing wage subsidies and 38% accessing other government support measures. Given...

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Instalment Contracts and Forfeiture of Deposits

A recent matter reminds us all that in a hot real estate market and rising prices, any delays in settlement can be a fundamental breach. However-not all may be lost if there is an instalment contract...

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Small Business Restructuring Reforms Now in Effect

On 1 January 2021, a number of amendments to Chapter 5 of the Corporations Act (2001) (Cth) came into effect, establishing a new framework of Australian insolvency law to better serve small...

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Update to Ending of COVID-19 Relief Measures

Overview On 22 March 2020 the Government announced temporary insolvency relief for financially distressed companies, to help businesses get to the other side of the Coronavirus crisis.  The...