Australia

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Paid International Collapses Into Voluntary Administration

Former Smart50 finalist Paid International has entered voluntary administration, just months after the online finance provider agreed to refund $1.128 million to customers who were charged excessive loan fees, SmartCompany.au reported. Ian Francis and Jo ...

Daily Headline - global.abi.org - 01/26/2015 - 22:11 - 0 comments

A greater yield: Attracting investment into Australian agribusiness

Australia is currently discussing what reforms are required to attract investment into the agribusiness sector. However, one voice has been largely missing from this discussion: offshore and domestic financial investors. To help rectify this, Allens ...

Resource Article - abi_admin - 01/21/2015 - 11:12 - 0 comments - 0 attachments

Debt Agreements Up But Overall Insolvency Numbers Down

bankruptcies to 4,179 and a 10.0 per cent decline in personal insolvency agreements to 54. Personal insolvency ...

Daily Headline - global.abi.org - 01/13/2015 - 00:42 - 0 comments

Australia’s Resources Slowdown Hits Regional Airlines

While Australia’s commodities boom was running hot, it wasn’t only mining companies that benefited from the billions of dollars in investment pouring into the country. Airlines got a boost, too, The Wall Street Journal reported. That has changed as s ...

Daily Headline - global.abi.org - 01/11/2015 - 19:53 - 0 comments

Administrators Appointed To Troubled Cairns-Based Skytrans

Troubled regional carrier Skytrans has been put in voluntary administration as company executives seek to find work for laid off staff, The Courier Mail reported. illiam Fletcher and Tracy Lee Knight of Brisbane-based Bentleys Chartered Accountants h ...

Daily Headline - global.abi.org - 01/06/2015 - 20:25 - 0 comments

Financially Troubled Pie Face Has Been Reheated After A Deal With Creditors

Pie Face, the fast food franchise placed in voluntary administration last month, looks set to survive following a deal struck with creditors at a meeting in Sydney, Business Insider reported. Fairfax Media reports that suppliers who are unsecured cre ...

Daily Headline - global.abi.org - 12/30/2014 - 22:00 - 0 comments

Australia’s West Humbled by Iron-Ore Slump

A drop in iron-ore prices has humbled resource-rich Western Australia, and turned a part of Perth where mining companies are based into something of a ghost town as offices lie empty, The Wall Street Journal reported. With its mineral abundance, the ...

Daily Headline - global.abi.org - 12/29/2014 - 22:31 - 0 comments

Allens Report: A greater yield: Attracting investment into Australian agribusiness

Australia is currently discussing what reforms are required to attract investment into the agribusiness sector. However, one voice has been largely missing from this discussion: offshore and domestic financial investors. To help rectify this, Allens ...

Resource Article - abi_admin - 12/15/2014 - 10:05 - 0 comments - 0 attachments

Insolvency Law Reform Bill – harmonisation not radical reform

In brief: The Federal Government has released its package of reforms to Australia's personal and corporate insolvency laws. Included is a draft Bill that proposes to streamline the regulatory framework applying to insolvency practitioners with th ...

Resource Article - global.abi.org - 12/15/2014 - 09:30 - 0 comments - 0 attachments

Allens Focus: The China-Australia Free Trade Agreement

In brief: After almost 10 years of negotiations between the nations, on 17 November 2014, Prime Minister Abbott and President Xi announced the conclusion of negotiations on the China-Australia Free Trade Agreement (ChAFTA). Once implemented, the ChAFTA i ...

Resource Article - abi_admin - 12/15/2014 - 09:24 - 0 comments - 0 attachments

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