News

Restructuring Case Study: Civil Engineering Business Michael Shabani, Senior Manager On 5 August 2022, Stephen Dixon and Trent Hancock were appointed as Joint and Several Administrators of two (2) entities operating within the civil engineering industry. The entities’ business operations extended across Victoria and Queensland and were respectively managed by the Companies joint directors. The […]

More Details

IN FOCUSDPNs – What you need to know and avoiding personal liability Joshua Peters, Assistant Manager A director penalty notice, or DPN for short, is one of the favourite tools of the Australian Taxation Office (“ATO”) when it comes to pursuing directors. However, DPNs often come as a surprise to directors trying to maintain their […]

More Details

Case Study: Bayside Gate Frames Pty. Ltd. (Subject to Deed of Company Arrangement) trading as “Bayside Fencing Products”, “Direct Factory Outlet Concrete Sleepers, Landscaping and Building Products” and “Concrete Sleeper Retaining Walls Brisbane” ACN 146 901 706 (“the Company”) The Company commenced in 2010, initially selling gate frames. In 2016, the Company commenced re-selling concrete […]

More Details

Impacts of voidable transfers into Superannuation – non-divisible but still can be recoverable in bankruptcy Sandy Kiriama, Senior Accountant The available funds of an undischarged bankrupt that are in a regulated superannuation fund as at the date of bankruptcy, are generally protected in bankruptcy and not considered to be divisible property recoverable by the Trustee […]

More Details

Back to Basics: What is a Creditors Voluntary Liquidation? Brett Goldman, Assistant Manager A creditors voluntary liquidation or CVL, as commonly referred, is the process whereby the assets of a corporation are realised in an orderly manner and the proceeds distributed amongst creditors of the company in satisfaction of their claims against the company. Any […]

More Details

The Sneakerboy Group of Companies today announced that Stephen Dixon of Hamilton Murphy Advisory has been appointed as Voluntary Administrator to the Companies. The Voluntary Administration appointment has been made due to short term financing difficulties being experienced by the Company.   The difficult but prudent decision has been made to initiate the Voluntary Administration […]

More Details

Stephen Dixon and Trent Hancock are delighted to announce a recent change to our corporate structure. As a result, Stephen and Trent are now the equity Partners of HM Advisory Pty Ltd, trading as Hamilton Murphy Advisory. Richard Rohrt will continue his valued contribution to the firm as a consultant. We thank Richard for his […]

More Details

Creditors are no longer entitled to utilise the right of set off pursuant to Section 553C against their outstanding debt owed in a liquidation as a defence against an unfair preference claim commenced by a liquidator. What is Mutual Set-Off? A Mutual Set-Off occurs when a company and a creditor have mutual dealings with each […]

More Details

The Morrison government says it is committed to “further simplify and streamline” Australia’s insolvency regime, with three (3) key areas of focus in the federal budget and plans to spend $29.8 million over four (4) years, from 2022-23, on insolvency reforms.  The key areas earmarked include:  Plans to spend $7 million “to clarify the treatment […]

More Details

Tax relief for small businesses means they have more money to take on an extra worker, offer an extra shift or buy a new piece of equipment. The Government will deliver more than $21 billion in tax cuts to small businesses from 2015-16 to 2024-25, with around $2.6 billion flowing in 2022-23. This includes lowering […]

More Details