LATEST INSIGHTS
Shadow and De Facto Directors: A Guide for Accountants and Other Professionals
As an insolvency practitioner, I occasionally see the impact that shadow and de facto directors can have on companies.
Winding up of a company if it is “just and equitable”
Section 461(k) of the Corporations Act 2001 (Cth) is a discretionary power of the court to order the winding
SIGN UP TO OUR MONTHLY NEWSLETTERS
Developing your staff is an investment in your business
Your team is your most valuable asset and ensuring that they have the knowledge and confidence to service your clients at a high level will reflect well on you and your practice over the long term.
Insolvency rates have been at record lows since mid-2020. With COVID-19 beginning to subside in the community, the post-pandemic economic outlook is extremely interesting. Increasing costs of living coupled with rising interest rates are placing pressure on businesses to raise wages – the same businesses that were navigating the unpredictable challenges of the pandemic only 12 months ago. These factors, combined with a new federal government and the record level of debt owed to the Australian Taxation Office makes for a very interesting market in the back half of 2022 and into 2023.
Our insolvency training sessions are designed to fill the gaps in what people understand about corporate and personal insolvency and are centred on sharing our extensive experience and real-world examples.
Our delivery is deliberately informal and interactive, and we can speak to audiences of all levels – graduates through to practitioners.
The benefits of our training for you and your team are:
- Dispelling the misconceptions and misunderstandings about corporate and personal insolvency
- Offering some guidance on how to assist a client in the early stages of financial distress
- Providing metrics and other identifiers to look out for when reviewing a client’s financials
- Sharing experiences arising from our long history in the industry, so you are better equipped to support your clients
Our presentations are delivered by Greg Quin and Kim Wallman, who have 45 years of combined experience. Greg and Kim can accommodate the needs of your team so that you get the most out of the session.
The sessions are normally one hour in duration and two to three of the topic areas comfortably fill the time.
We have designed insolvency training topics that address the following areas:
- The post-pandemic market and how the ATO might approach the initial phase of debt recovery
- The Director Penalty Notice regime and recent changes explained
- A Liquidator’s perspective: traps and other matters to watch out for when reviewing your client’s financials
- The advantages and differences between voluntary administration, receivership and liquidation for your clients
- Bankruptcy and Part X options for individuals in financial distress
- Safe Harbour protection for directors
- Statutory Demands and winding up applications
- Personal Property Securities Register and insolvency
To speak with us further about more information or booking in a session, please fill out the below form or contact us on 08 9215 7900.
