The Insolvency Service in Brisbane, Queensland, Australia | Finance

The Insolvency Service

Locality: Brisbane, Queensland, Australia

Phone: +61 1300 887 941

Address: Level 6, 239 George St. 4000 Brisbane, QLD, Australia

Website: https://www.theinsolvencyservice.com.au

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24.01.2022 Small- and medium-sized commercial tenants can access reduced rentals and deferred rental payments under the governments rent relief package. Eviction notices are put off over the next 6 months. Some sectors, however, noted that the rent relief may not be enough to help SMEs bounce back and recover profits post-Covid-19.

23.01.2022 A purpose-led, people-focused leader is what your company needs the most at these uncertain times, Matt Dale, principal of ICP Human Solutions, wrote in Balancing the Tightrope of Empathy & Performance. This Covid-19 pandemic has tested the world but more so the leaders and their brand of crisis leadership. #insolvency #leadership #crisisleadership #peoplefocused #purposeled #purposefulleadership #peoplesleader

23.01.2022 A compilation of support services offered by the Australian federal and state governments to help businesses and workers hurdle the Covid-19 crisis. #TIS #theinsolvencyservice #crisisresponse #SMEs #smallbusiness

23.01.2022 The Insolvency Service walks you through both formal and informal turnaround strategies that would help a financially distressed company maximize return for both creditors and the company. Formal workouts are those conducted in line with a court proceeding. These options include: + Voluntary administrations/Deed of company arrangements + Creditors voluntary liquidations... + Members voluntary liquidation and deregistration + Receiverships/controllerships + Court liquidations Informal workouts are those conducted outside of court proceedings. These strategies include business improvement and measurement and divestment and rationalization.

20.01.2022 Defaulting in bank loans can be an indicator of insolvency. Once you default, you not only lose a source of cash flow, you also stump your business growth. In this article, we discuss what you can do to avoid defaults, and what to do when you default. The key word is: relationship. #TIS #theinsolvencyservice #insolvency #finance #financialassessment #cashflow #bankloan #bankloandefault #banking

14.01.2022 The Insolvency Service investigates how Covid-19 tests the safe harbour provisions meant to exempt directors from personal liability for business decisions. Temporary safe harbour provisions were set in place in March and will cover directors duties and liabilities until September. #TIS #theinsolvencyservice #insolvency #safeharbourprovisions #directorsduty #directorsliability

12.01.2022 Another one bites the dust: Alice McCall appoints administrator as it falls victim to COVID-19

08.01.2022 Directors should act now with urgency, rather than later. Directors should also seek professional advice and prepare for what’s to come when the government stimulus ends. #insolvency #directorsduties

04.01.2022 Insolvent trading relief rules are extended until 31 December 2020. The rules exempt directors from the risks of personal liability for insolvent trading if the company incurred the debts in following conditions: > in the ordinary course of business... > within the temporary period, and > before the appointment of an administrator or liquidator during the temporary period. See more