Australia

Results for Australia

When can a liquidator get his or her costs and expenses?

The High Court has recently reaffirmed the principle that a liquidator is entitled to be paid his or her costs and expenses properly incurred in realising assets of a company in priority to a secured creditor. This is so even if the fund realised was der ...

Resource Article - abi_admin - 10/16/2014 - 09:36 - 0 comments - 1 attachment

RBA Says Talks on Home Lending Curbs May Go Beyond Investors

Australian central bank officials said possible steps to cool the nation’s housing market wouldn’t necessarily be limited to investor lending curbs. The Reserve Bank of Australia is discussing with the Australian Prudential Regulation Authority “steps th ...

Daily Headline - global.abi.org - 10/01/2014 - 20:56 - 0 comments

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

Syndicate content