Results for Oceania
- Wynyard Group In Voluntary Administration
Software company Wynyard Group has been put in voluntary administration. KordaMentha partners Neale Jackson and Grant Graham have been appointed administrators of the company, which creates security software for use by companies and law enforcement agenc ...
Daily Headline - global.abi.org - 10/24/2016 - 21:33 - 0 comments
- Student Loan Borrowers Seeking Bankruptcy As Millions In Debts Wiped Due To Insolvency
Overseas graduates declaring themselves penniless are among the 483 debtors whose $18 million in students loans have been wiped by bankruptcies, Stuff.co.nz reported. Inland Revenue has revealed the latest figures as the amount owed by student loan defau ...
Daily Headline - global.abi.org - 10/03/2016 - 00:38 - 0 comments
- Australia Celebrates 25 Years Since Last Recession
Australia marked 25 years without a recession in the second quarter, another step closer to the Dutch record for the longest developed-economy expansion of recent decades, The Wall Street Journal reported. The economy grew 0.5% in the second quarter from the first and by 3.3% from a year earlier—the ...
Daily Headline - global.abi.org - 09/07/2016 - 21:50 - 0 comments
- Clive Palmer Fell Out With Queensland Nickel Administrators When Jet Seized, Court Told
A breakdown in Clive Palmer’s relationship with administrators of his Queensland Nickel business was evident around the time a dispute flared over a private jet, the company’s former financial chief has told the federal court, The Guardian reported. ...
Daily Headline - global.abi.org - 09/06/2016 - 23:01 - 0 comments
- Plan To Regulate Insolvency Sector Welcomed
A plan to regulate the insolvency sector and shut down unscrupulous operators is being welcomed by an industry body, Radio New Zealand reported. The government has released the first part of a review into insolvency laws, which recommends licensing for p ...
Daily Headline - global.abi.org - 09/01/2016 - 23:53 - 0 comments
- Insolvency Practitioners Face New Licensing Regime
New Zealand's insolvency practitioners look likely to face a new licensing regime after a report to Commerce Minister Paul Goldsmith found that gaps in existing rules enable dishonesty and incompetence, The New Zealand Herald reported. The publi ...
Daily Headline - global.abi.org - 08/25/2016 - 23:57 - 0 comments
- Mater Private’s €300 Million Debt Refinancing Led By Macquarie
The owners of the Mater Private hospital, who recently pulled a sale of the business for the second time in 14 months, have secured a €300 million refinancing deal led by Australian bank Macquarie. The Sydney-based bank’s Macquarie Lending unit in London ...
Daily Headline - global.abi.org - 08/22/2016 - 19:41 - 0 comments
- Woolworths Tipped To Report Heavy Loss On Back Of Restructuring, Masters Exit
When Woolworths reports its full-year results on Thursday, expect to see a loss of about $1 billion, analysts say, after restructuring costs and its exit from the disastrous Masters hardware business, The Sydney Morning Herald reported. Credit Suisse ...
Daily Headline - global.abi.org - 08/22/2016 - 06:19 - 0 comments
- Global Miner BHP Billiton Slumps To Record Loss
BHP Billiton reported a record $6.4 billion annual loss on Tuesday, hammered by a bad bet on ... charges, underlying profit slumped 81 per cent to $1.2 billion for the year to June 2016 from $6.4 billion ... billion. Read more. (Australia) BHP Billiton reported a record $6.4 billion annual loss on ...
Daily Headline - global.abi.org - 08/16/2016 - 22:41 - 0 comments
- ATO And ASIC Raid 13 Properties Linked To “Pre-Insolvency” Firms Allegedly Encouraging Phoenix Activity
The Australian Tax Office and the Australian Securities and Investments Commission have conducted raids on 13 businesses and residences across the country in a bid to crack down on “pre-insolvency” firms that advise clients on how to avoid tax, SmartComp ...
Daily Headline - global.abi.org - 08/14/2016 - 17:02 - 0 comments