The starting point is that all of this is only temporary. These amendments commence on a date to be determined (but likely to be very soon) and expire on 31 December 2020. For the purposes of this article we will talk about that as being the…...read more
You probably already know that if you want to recover a debt from a company, a Statutory Notice of Demand (Statutory Demand) is a powerful tool to use. This is predominately due to the fact that unless a company takes steps to set aside the Statutory Demand or pays the debt in full within 21 days, that company is deemed insolvent and can be wound up.
In our previous article we discussed how in certain circumstances false representations made by a real estate agent prior to entering into the contract may provide a buyer with an opportunity to terminate an off-the-plan contract.
Buying-off the plan is similar to going on a first date. You don’t know what to expect and it doesn't always end well.
With the reduction in returns from standard investments and the relaxation of rules relating to superannuation investment, it is understandable that investors will look to expand the scope of their superfund's operations. While superannuation is intended to be a nest egg for the future, these factors can lead to failed investments and complex consequences of insolvencies.