Results for Australia
- Iron Ore Price Plunge Claims First Australian Casualty
Plunging iron ore prices have dealt their first blow in Australia, sending fledgling miner Western Desert Resources Ltd into administration after it failed to reach a deal with bankers over its debt, Reuters reported. Western Desert was caught out by a m ...
Daily Headline - global.abi.org - 09/08/2014 - 23:06 - 0 comments
- Australia Targets Multinational Tax Avoidance
more than 1 billion Australian dollars (US$0.9 billion) a year in revenue. The crackdown follows ...
Daily Headline - global.abi.org - 09/04/2014 - 20:50 - 0 comments
- Qantas Posts Record Loss As Restructuring Costs Bite
Qantas Airways Ltd reported its biggest ever financial loss on Thursday after writing a hefty A$2.6 billion (1.45 billion pounds) off the value of its fleet due to a company restructure, Reuters reported. Australia's national flag carrier attempted ...
Daily Headline - global.abi.org - 08/27/2014 - 21:42 - 0 comments
- Boss Of Failed Air Australia Returns To Travel Industry
The boss of failed airline Air Australia has returned to the travel sector in a senior management role despite being banned by the corporate regulator over conduct that critics claimed wreaked "havoc" in the industry, The Sydney Morning Heral ...
Daily Headline - global.abi.org - 08/24/2014 - 18:42 - 0 comments
- Australian Unemployment Hits 12-Year High
Australia’s jobless rate has climbed to its highest level in 12 years, underlining the challenges faced by an economy in transition following the end of a decade-long mining investment boom, the Financial Times reported today. The seasonally adjusted ...
Daily Headline - abi_admin - 08/07/2014 - 14:07 - 0 comments
- Chapter 11 again mooted as an option for Australia's insolvency regime
A Senate Committee has said amendments to Australia's corporate insolvency laws should be considered to encourage and facilitate corporate turnarounds. The Senate Economics References Committee called for a review of Australia's corporate ins ...
Resource Article - abi_admin - 07/22/2014 - 13:08 - 0 comments - 1 attachment
- Tough Times In Building Trades Won't End Soon, Experts Say
An estimated 114 building and construction-related companies have gone to the wall in Canberra since the start of last year, leaving behind more than $80 million in debts, Australian Securities and Investments Commission data has revealed, The Canberra ...
Daily Headline - global.abi.org - 07/21/2014 - 18:49 - 0 comments
- Sherwin Goes Into Voluntary Administration
Junior iron-ore company Sherwin Iron went into a trading halt on Friday as the company entered voluntary administration after failing to secure financing, Mining Weekly reported. Sherwin had previously warned shareholders of the need to secure capita ...
Daily Headline - global.abi.org - 07/13/2014 - 23:13 - 0 comments
- Crazy Clarks Owner Back In Receivership
Kathmandu founder Jan Cameron’s chain of discount retail stores has fallen into receivership for the third time in five years, putting more than 2500 jobs at risk, The Australian reported. Control of DSG Holdings Australia, the company behind discou ...
Daily Headline - global.abi.org - 07/01/2014 - 23:41 - 0 comments
- An Australian Chapter 11? Rethink On US-Style Insolvency
Australia’s insolvency laws, and the question of whether it is time to reconsider a chapter 11 style, have inadvertently been put back on the agenda by the Commonwealth Bank of Australia’s rogue financial planning scandal, Financial Review reported. ...
Daily Headline - global.abi.org - 06/30/2014 - 22:12 - 0 comments