Archive

Single touch payroll is coming! In recent times there has been significant discussion around a number of reforms introduced as part of the Treasury Laws Amendment (2018 Measures No. 4) Bill and the impact they would have had on company directors and the business community. Of particular interest has been the extension of Single Touch […]

In the third instalment in our series relating to the proposed budget reforms to combat illegal phoenix activity we consider the proposed change that will likely have the greatest impact on personally liability of company directors – the expansion of the Director Penalty regime to include Goods and Services Tax (GST), Luxury Car Tax (LCT) and Wine Equalisation […]

As a specialist adviser of business turnaround strategies and corporate restructures for small to medium enterprise, the reforms proposed in the 2018-19 Budget to combat illegal phoenix activity are warmly welcomed by ReGroup Solutions. It is our opinion that the proposed changes are ultimately positive and ReGroup Solutions are supportive of the overall objective of […]

Who would want to be a director? Being a ‘director’ is an esteemed title which may project an image of leadership, influence, responsibility, authority and affluence. It may be that you have decided to join a NFP board, or the title is bestowed upon you by the CEO following an appraisal, you have been made a […]

Technological Advancements and Economic Growth The breadth of technological change and digital disruption has changed businesses approach to risk. Innovation and risk taking can result in significant strategic benefit and growth but, clearly, may also be hugely detrimental to shareholders, creditors and stakeholders if things go wrong. Objectively measuring and defining a company’s ‘risk appetite’ […]

Support for the carve-out model The Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Bill (“the Bill”) has introduced Safe Harbour’. Effective 19 September 2017, safe harbour provides protection for the directors of financially challenged companies from personal liability arising from insolvent trading. The model adopted sets the safe harbour as a legislative ‘carve-out’ rather […]

Twilight Zone – Directors Appointment of Administrators   Australia’s stigmatising of corporate failure and the favouring creditors over debtors has given little incentive for directors to attempt a restructuring and turnaround of their companies. On the emergence on financial troubles, directors face an immediate decision as to whether they must place the company into administration. This has […]

On 11 September 2017, the Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Bill 2017 passed through the Senate. On 18 September 2017 the Bill received royal assent and Safe Harbour came into effect the next day (on the 19 September 2017 – the accompanying ipso facto reforms are not yet to commence for another […]

What Really Constitutes a Business Crisis? Before we dive into what to do when your business experiences a financial crisis, let’s clarify what this term actually means: Your business is NOT in crisis because your manager walked off the job or a customer fails to pay their invoice on time. Your business MAY be in […]