The Future of Rural Australian Motels In The Age of Covid-19
The ongoing covid-19 pandemic has caused mass disruption in virtually every industry on the planet. Motels in small country towns across Australia are experiencing their fair shares of ups and downs as international travel is off the table and Australian tourists are restricted to travelling domestically. Craig Dangar from C&D Restructure & Taxation Advisory […]
The Benefits of Debtor in Possession & The Implications of the Small Business Insolvency Reforms Introduced on 1st January 2021
On 11th December 2020 Federal Treasurer Josh Frydenberg announced that the Australian Government would be making changes to Australia’s insolvency framework to help small businesses who have been affected by the economic impacts of COVID-19. The proposed changes came into effect on 1st January allowing businesses with liabilities of less than $1 million to restructure […]
An Overview of The JobMaker Hiring Credit Scheme Eligibility Rules
On Tuesday 6th October 2020, the federal government announced a new scheme called the “JobMaker Hiring Credit”. This new incentive was established to encourage businesses to employ young job seekers who have been left unemployed as a result of the ongoing covid-19 pandemic. Timeline of Access to Payments & How Much Money Will Employers […]
Superannuation Home Downsizer Opportunities
The Downsizer Measure, which started on 1 July 2018, allows older Australians choosing to sell their home and downsize, or move from homes that no longer meet their needs, to contribute up to $300,000 of proceeds from the sale into super. The term downsizer is misleading as it indicates that you must downsize your principal […]
Strategically Using Linkedin to Benefit Your Business
Making genuine connections will always be an important success factor in the business world. Whether with clients, business partners or colleagues, our ability to authentically connect defines us. LinkedIn makes building these bridges simpler than ever – but it should not come at the expense of real human interactions and the exchange of ideas. The networking […]
Negotiating Commercial Leases Post Covid Changes
Where commercial leases are at? Commercial leases in a post covid world are going to be a mixed bag of outcomes and for landlords that are unwilling to bring a commerciality to their positions it becomes practically untenable, as there is significant upheaval in several sectors and there is no clarity as to how 2021 […]
Insolvency reforms and debtor in possession
In its bid to continue to assist small businesses experiencing financial distress during the pandemic, the federal government has proposed new insolvency reforms for SMEs with liabilities of less than $1 million, these are referred to as debtor in possession and are similar to Chapter 11 in the United Stated. These reforms will require struggling […]
Changes to the insolvency landscape
What do the recent Insolvency Reforms mean? Josh Frydenberg, the Federal Treasurer for Australia, has announced a new restructuring regime for struggling small to medium enterprises (SMEs) which adopts a ‘debtor-in-possession’ model for companies owing less than $1 million. Given that the legislation is yet to be released, we don’t intend to comment in great […]
Debtor in Possession
With the new rules coming into operation in early 2021, it is opportune to work out if the debtor in possession structure will be appropriate for your business. The debtor in possession rules will allow a business to continue to trade, and for the owners to continue to operate the business without the limitations of […]
C&D Adapting to rapidly changing landscape
Over the next few weeks, there will be a new colour and a change of logo to the C&D presence as we continue to adapt to the changing economic landscape. The last six months have been challenging for most businesses and we have been in the same boat. Whilst missing our Yeronga home, the opportunity […]
