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August 2020 Newsletter
This month’s newsletter features a press release from the HIA discussing that population growth and access to housing finance will be key to Victoria’s economic recovery.
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Extension to Temporary Protections for Financially Distressed Businesses – Is this just delaying the pain?
Financially Distressed Businesses As anticipated, the Federal Treasury announced on the 7th of September, that the temporary protections for financially distressed businesses will be extended beyond the initial six month period to 31 December 2020. Since the introduction of these measures in April 2020, the number of construction industry related insolvencies have decreased by 65%….
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July 2020 Newsletter
This month’s newsletter features a piece on “The ‘false comfort’ of extended temporary insolvency law measures and the need for deeper structural reform” written by Scott Atkins and Kai Luck.
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June 2020 Newsletter
This month’s newsletter features a piece on “HIA forecasts new home building to fall in half” written by Business News Australia.
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Personal Guarantees Gone Wrong
A well-executed personal guarantee can be the holy grail of debt recovery tools, but one overlooked detail can bring the whole thing to its knees. It is surprising the number of clients relying on guarantees that are either ineffectively drafted or have been inadvertently discharged by the actions of the client.
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May 2020 Newsletter
This month’s newsletter features a piece on “Personal Guarantees Gone Wrong” written by Karl Hill.
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BICB Partners with AMPAC Debt Recovery
BICB and AMPAC Debt Recovery recently meet to discuss the benefits of working more closely together to build greater awareness of each other’s services throughout the building and construction supply sector. This is timely, as the broader Australian economy has been impacted on several fronts recently by drought, bushfires and now COVID-19. It is expected…
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February 2020 Newsletter
We are led to believe that the ATO will not resume recovery activity through statutory demands until early 2022.
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You can be too smart for your own good
The preferential payment provisions of the Corporations Act 2001 are one of the most powerful weapons in a liquidator’s armory.
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BICB Partners with Alares to Provide Access to Party Searches and Monitoring for most Australian Courts
Court action is a leading indicator of financial stress and future default. Alares Party Search provides real-time information on court actions across Australia. Alares Watchlist provides instant alerts for any court actions that occur involving businesses you are monitoring. From mid-May 2019 BICB members will have access to the Alares Party Search and Monitoring platform…
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Corporate Insolvency in the Building and Construction Industry – What’s Really Going On?
