Troubled SVOD player Quickflix has again suspended trading in its shares on the stock market as it attempts a restructure and head off potential financial insolvency, mUmBRELLA reported.

With Australia on the cusp of a “looming liquidity crisis’’, corporate turnaround specialists have urged so-called safe harbour laws to protect directors and their advisers in informal corporate restructurings, The Australian reported. While the proposed reforms have been long pondered in Canberra’s corridors, Turnaround Management Association director Cameron Belyea said there was a heightened urgency ahead of the likely drying up of foreign capital, especially from the US.

A Western Australian electrical contractor that has been operating for more than 30 years and supplied machinery for mining in the Pilbara region has collapsed into voluntary administration, SmartCompany.com.au reported. Cape Range Electrical Contractors is a Newman-based electrical contractor business specialising in the supply, installation and maintenance for individual and commercial clients. The family-owned business has been operating since 1973 and mainly services the Newman and Pilbara region.

An inquiry into insolvency in the construction industry should visit Adelaide to listen to the experience of the building industry in the wake of the collapse of Tagara Builders, according to a union official, ABC News reported. Tagara had about $70 million in projects across South Australia before it went into liquidation in June owing more than $20 million. Creditors will meet with liquidators Clifton Hall on Tuesday for the first time to hear about the business' position.

The National Guarantee Fund, a compensation vehicle for investors, has admitted it does not currently have the resources to handle a jump in claims from the collapse of BBY, and is seeking to rectify the situation, The Sydney Morning Herald reported. The Securities Exchanges Guarantee Corporation, the fund's administrator, is considering setting up a panel of law firms to assist with, and expedite potential claims.

The Canberra Eye Hospital is in voluntary administration and its owners, who include pioneering eye surgeons, appear to be in a dispute over the sale of the business with shareholders, The Canberra Times reported. One of the founders, Dr Leo Shanahan, said the company had $2.3 million in the bank 15 months before it went into voluntary administration in about January.

A Melbourne-based clothing manufacturer and wholesaler founded in 1996 has entered voluntary administration, SmartCompany.com.au reported. LM Australasia started out producing and wholesale women’s lingerie before growing into a fashion house that specialised in seamless garments, including knitwear, tops, leggings and shapewear. The business is based in the Melbourne suburb of Collingwood and, in 2010, employed 20 staff in Australia. At the time it also had an office in China, with a staff of 10.

Australia’s corporate regulator is to launch a crackdown on the country’s banking culture, which it claims is encouraging misconduct and the “fleecing” of consumers, the Financial Times reported. The intervention by the Australian Securities and Investment Commission follows a series of banking scandals and new research showing that a poor risk culture at financial institutions is allowing misconduct and “Machiavellian” tendencies to flourish.

Australia is raising its minimum wage by an above-inflation 2.5 per cent, providing a boost to low-paid workers amid sluggish economic growth, the Financial Times reported. From next month about 1.86m workers must be paid a weekly wage of at least A$656.90 ($501.50), Australia’s workplace regulator ruled on Tuesday. On an hourly basis the rate rises to A$17.29 an hour, one of the highest minimum wage levels in the world.

The corporate regulator sounded a warning on Thursday about stockbroking firms moving into higher-risk operations in the wake of the failure of Sydney-based BBY, noting it would have more to say next week on its inquiries into the collapse, The Sydney Morning Herald reported. The Australian Securities and Investments Commission has been delving into what went wrong at BBY, particularly after the stockbroking and advisory firm was placed into voluntary administration on May 18.