When a company does not attend its winding up hearing, in the majority of cases, the company evidently gets wound up without any opposing parties. The question is whether the winding up order can be set aside. Setting aside an order Under Rule 39.05(a) of the Federal Court Rules 2011 (Cth.) and rule 36.16 (2)(b) … Continued
Recently the Supreme Court of NSW handed down what is, to date, the longest sentence for a tax evasion scheme. Proving that eventually tax evasion will catch up with those individuals and the punishment will be severe. The fraud was perpetrated by two individuals one of whom was an executive of one of the major … Continued
As we, as a society, continually move forward we are increasingly being confronted with images, stories, news and examples of situations where the ordinary man/woman in the street beggars for an understanding of – How could this have occurred? Is this really real or are we just in some big game box and one day … Continued
On Friday 9th March the drums were beating on Condon Associates office balcony and all for a very good cause. A wonderful lady named Ruth Magodo is raising funds to send young adults to Africa in hope that they will appreciate how lucky they are to call Australia home. At the last minute Ruth was … Continued
Most sales teams, up to 90%, are not performing at their possible best. The reason for unsatisfactory sales performance is often a combination of missing items in the puzzle. While some individuals are running at 120% of capacity, some people don’t even understand the products or tools available, and in many cases they come short … Continued
As originally proposed in the 2016-17 Mid-Year Economic and Fiscal Outlook, the Federal Government has released draft legislation that would allow the Australian Taxation Office (ATO) to disclose overdue tax debts to credit reporting agencies, when certain conditions are met. Public consultation on the bill and the explanatory memorandum for the bill took place from December 2017 … Continued
Once the Treasury Laws Amendment (2017 Measures No. 9) Bill 2017 has been enacted, the responsibility for paying GST on certain real estate transactions will shift from developers to purchasers. From 1 July 2018, purchasers of new residential premises or land within a subdivision in Australia may need to remit part of the purchase price … Continued
It belongs to the staff, it belongs to the creditors, it belongs to the Government, it belongs to lenders and it belongs to the customers. You as the business owner and director and guiding light are only its custodian. (In the interests of readability and space, hereafter, references to “he/his” are to be read as … Continued
It has been quite interesting to see the reaction that has erupted over the sudden expose of the fact that people with good noses, strong technical skills, a serious purpose and the opportunity to make a dollar will use whatever they can get to their own personal advantage and nobody cares; until they undermine the … Continued
Given that start-ups and entrepreneurs are a large contributor to new jobs and innovation in Australia, the Federal Government has taken several initiatives to foster a culture where innovation and entrepreneurship is encouraged. One of these initiatives is improved insolvency laws. As part of the National Innovation and Science Agenda, the Bankruptcy Amendment (Enterprise Incentives) Bill … Continued
