Day: February 5, 2019

Unfair preferences – creditor’s defence of not suspecting insolvency

Just because a liquidator asserts you have received an unfair preference, does not necessarily mean you have or that there are no potential defences available to you. The Corporations Act 2001(Cth), enables liquidators in certain circumstances to claw back payments made by a debtor company to an unsecured creditor where the payment was made to …

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Major changes to reporting requirements for QBCC licensees now in place

Changes to QBCC financial (effective from 1st January 2019) mean that licence holders in Categories 1-3 (turnover between $600,001 – $30,000,000) will need to provide reports annually about their financial position prepared under the Australian Accounting Standards including: – a profit and loss statement; – a debtors and creditors report; and – a statement of …

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