Business

Attorney-General floats bankruptcy changes, tougher sanctions against...

Changes to the personal insolvency system, including reducing the default period of bankruptcy from three years to one...

18 January 2021 • By Jotham Lian

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Business

Accountants Daily Strategy Week Day 3 wrap-up: The insolvency tsunami and...

Identifying clients who are on the verge of collapse and helping others repay loan deferrals or access new loans were...

10 September 2020 • By Jotham Lian

Business

US-style debtor-led bankruptcy arrangement risky, government warned

The government has been warned that simply adopting US-style bankruptcy measures could result in propping up...

25 August 2020 • By Jotham Lian

Technology

Non-bank lender announces Xero app launch

A non-bank lender has now completed a new integration on the Xero app marketplace aimed at improving small businesses’...

23 July 2020 • By Jotham Lian

Business

Banks to extend COVID-19 loan deferrals beyond ‘September cliff’

Australia’s banks will now extend loan deferrals for another four months for customers who are struggling to make...

08 July 2020 • By Jotham Lian

Business

Major bank falls prey to $8m underpayment

Payroll calculation errors will now see a major bank compensate a total of $8 million to approximately 8,000 staff.

03 July 2020 • By Jotham Lian

Technology

Receipt Bank acquires Xero app partner

Receipt Bank has acquired a Xero-integrated accounting app, in a move that is set to help accountants and bookkeepers...

16 June 2020 • By Jotham Lian

Business

Federal Court voids banks’ unfair small-business contracts

The Federal Court of Australia has found that two Australian banks used unfair contract terms with their...

01 June 2020 • By Jotham Lian

Business

7-time bankrupt ends up in jail

A seven-time bankrupt has been sentenced to over two years in jail after pleading guilty to more than a dozen...

29 May 2020 • By Aidan Curtis

Business

Banks offer $86bn in new loans

More than $86 billion in new loans have now been provided to close to 80,000 businesses, according to the Australian...

19 May 2020 • By Jotham Lian

Business

Incoming insolvency spike could prompt bankruptcy changes

The inevitable spike in business insolvency numbers as a result of the COVID-19 crisis should lead to permanent...

14 May 2020 • By Aidan Curtis

Business

Treasurer hauls major banks to the table on JobKeeper bridging finance

Businesses will be given a leg up by Australia’s major banks through sped-up loans to cover upfront staff wages before...

23 April 2020 • By Jotham Lian

Business

Banks extend repayment deferral to $10m loans

Up to 98 per cent of all businesses will now be able to defer loan repayments for six months following an extension of...

30 March 2020 • By Jotham Lian

Business

Big banks outline mortgage repayment relief

The major banks have outlined how they are supporting those affected by the coronavirus pandemic and its economic...

20 March 2020 • By Charbel Kadib

Business

Banks to defer small-business loan repayments for 6 months

Small businesses will be allowed to defer loan repayments for six months under new emergency measures announced by the...

20 March 2020 • By Jotham Lian

Business

Reserve Bank makes emergency move

Amid a slide towards a global recession, the Reserve Bank of Australia (RBA) has held an out-of-cycle emergency...

19 March 2020 • By Grace Ormsby

Business

AAT affirms grounding of former tax agent amid bankruptcy probe

A former tax agent, with debts of over $36 million, has had his appeal to overturn an order preventing him from...

12 February 2020 • By Jotham Lian

Business

Major bank eyes small businesses with new initiatives

A major bank has introduced new initiatives as it looks to better support small business customers and provide quicker...

30 January 2020 • By Jotham Lian