Australia
Results for Australia
- Lisa Ho Faces The Music, And Her Creditors
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Early investigations into the collapse of fashion brand Lisa Ho have found that a combination of questionable operating decisions, bad market conditions and "accounting irregularities" affected the viability and the cashflow of the retailer, wh ...
Daily Headline - global.abi.org - 05/20/2013 - 23:01 - 0 comments
- Swan Shuns Europe-Style Austerity in Bet on Australian Jobs
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Australian Treasurer Wayne Swan will eschew European-style austerity as a stronger currency slows growth, wagering the government can win a Sept. 14 election fought on jobs and absorb the pain of a broken surplus promise, Bloomberg reported. The underlyi ...
Daily Headline - global.abi.org - 05/14/2013 - 20:34 - 0 comments
- Insolvency Clean-Up Starts At ASIC
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After all the promises by the federal government to clean up the insolvency industry, a report released on Wednesday by the Australian Securities and Investments Commission indicates that things are getting worse, not better, The Age reported in a co ...
Daily Headline - global.abi.org - 05/01/2013 - 21:40 - 0 comments
- Liquidators Cleared To Sue Australian Mining Tycoon Tinkler
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Liquidators of Nathan Tinkler's Mulsanne Resources were given the go-ahead by the court to sue the struggling Australian tycoon for allegedly letting Mulsanne trade while insolvent, said one of Tinkler's creditors, Blackwood Corp., Reuters repo ...
Daily Headline - global.abi.org - 05/01/2013 - 21:40 - 0 comments
- Judge Orders Inquiry Into Insolvency Firm's Role In Collapse After It Billed $2.2 Million
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An Australian Federal Court Justice has ordered an inquiry into the fees and expenses incurred by PPB Advisory while the insolvency group investigated the 2010 collapse of Burrup Fertilisers, SmartCompany.com.au reported. But PPB has defended its handlin ...
Daily Headline - global.abi.org - 04/22/2013 - 21:11 - 0 comments
- Lehman To Pay $43 Million To Duped Insurers
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A US bankruptcy judge has approved a $US45 million ($43.3m) settlement between Lehman Brothers Holdings' Australian unit and a group of insurers over claims the bank misled a group of councils, charities and churches into buying risky securities bac ...
Daily Headline - global.abi.org - 03/21/2013 - 23:17 - 0 comments
- Smear Campaign Blamed For Voluntary Administration
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Voluntary administrators have been called in by the Australian fund manager in charge of a giant mortgage fund frozen since 2009 with the savings of many New Zealand investors trapped in it, Stuff.co.nz reported. The directors of LM Investment Management ...
Daily Headline - global.abi.org - 03/20/2013 - 06:38 - 0 comments
- NAB CEO: U.K. Unit Restructuring On Track
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National Australia Bank Ltd.'s restructuring of its U.K. operations is on track and the unit is now profitable, however it continues to face challenges in a difficult U.K. market, its chief executive said, The Wall Street Journal MarketWatch rep ...
Daily Headline - global.abi.org - 03/17/2013 - 22:20 - 0 comments
- Australian Magnate Tinkler Says 'Left Holding The Can'
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Nathan Tinkler became Australia's youngest billionaire in record time thanks to a series of aggressive bets on the country's coal mining sector, Reuters reported. But the man who started his career as a pit electrician acknowledged on Thursday ...
Daily Headline - global.abi.org - 03/14/2013 - 19:59 - 0 comments
- Indebted Australian Coal Magnate Tinkler Appears In Court
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Embattled Australian coal tycoon Nathan Tinkler appeared in a Sydney court on Thursday to face a public grilling for the first time over the state of his finances, as creditors seek to recover millions of dollars in unpaid debts, Reuters reported. Tinkle ...
Daily Headline - global.abi.org - 03/13/2013 - 22:00 - 0 comments
