The Power of the ATO During an Insolvency

Approximately 8,048 Australian companies experienced external administration (EXAD) in the 12 months ended March 2019. During the same period there were 27,058 new personal insolvencies, including 15,329 bankruptcies, 11,549 debt agreements and 180 personal insolvency agreements. In the year prior, the ATO was the initiator of 20% of all company liquidations and 4% of all […]