Insolvency Surge Expected
Industry commentators are predicting that business insolvencies will steadily increase across 2022. Court actions have been back at pre-pandemic levels, having jumped 58% over November, December and January compared to the year prior, as banks and the ATO end the Covid reprieve. The perfect storm including supply chains issues with China’s management of Covid, the […]
Company Director ID and other Corporations Act changes
From today, 5 April 2022, company directors need to apply for a director ID number before they are appointed to a company. This means that directors can’t use fraudulent identities or be involved in multiple failed businesses without being identified. It only takes 5 minutes (if you can remember your myGovID password). This is the […]