Government reforms to address phoenixing

The Government has released a consultation paper as part of their commitment to ongoing reform of Australia’s corporate insolvency regime.  Phoenix activity refers to both legitimate business rescue activities and serial insolvency to avoid debts.

Filed under:
Australia, Company & Commercial, Insolvency & Restructuring, Gilbert + Tobin, Bankruptcy, Liquidator (law), Subsidiary, Australian Taxation Office
Authors:
Peter Reeves , Georgina Willcock , Jack Coles , Marcus Wong
Location:
Australia
Firm:
Gilbert + Tobin