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Deregistering Your Company: A Warning for Directors Leigh Dudman, Director Before considering making an application to voluntarily deregister your company, you need to ensure that your ATO obligations have been dealt with. You may have a company that serves no useful purpose and you want to get rid of it and avoid the ongoing ASIC […]

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Is this business in trouble? Spotting danger on the horizon Tom Lesnikowski, Associate Director Accountants and bookkeepers often have the first opportunities to observe changes in a business, both positive and unfortunately negative. By getting involved with their clients through asking questions and testing their clients’ knowledge of the business and its key performance indicators, […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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