Blog

A collection of news and insights about our firm and developments in the law, finance and insolvency industries

  • Cure Cancer Lab Tour

    Sewell & Kettle were very fortunate last week to be invited by Cure Cancer and The Can Too Foundation to participate in a tour of their cancer research lab at the University of New South Wales. Sewell & Kettle is proud that Cure Cancer is the charity the firm is supporting in fundraising efforts in […]

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  • When can you replace or remove a voluntary administrator?

    A voluntary administrator is first appointed by the directors of an insolvent company. Creditors may want to replace this voluntary administrator with another insolvency practitioner. The voluntary administrator may be removed or replaced: at first meeting of the creditors by a vote; by resolution under the Insolvency Practice Rules; or by a state Supreme Court […]

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  • How do you respond to an ATO garnishee notice?

    Summary: what is a garnishee notice? A garnishee notice is an order issued by the Australian Tax Office (ATO) to a third party who currently holds or may hold funds in future for the debtor to pay an amount related to the debt directly to the ATO, circumventing the debtor. Put simply, the ATO is […]

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  • What is the ROCAP and what does it have to do with ‘phoenix activity’?

    When a company goes into insolvent liquidation, the directors are required to complete a Report on Company Activities and Property (ROCAP) which replaces the previous Report as to Affairs (RATA) The ROCAP is more comprehensive than the RATA – amazingly, the RATA was largely unchanged for 100 years The ROCAP contains specific questions to target […]

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  • phoenix activity reform

    What phoenix activity reform would look like under a Labor government

    The Australian Labor Party has recently signalled its intention to crack down on illegal phoenix company activity. This often overlooked aspect of the commercial world is actually a huge area of tax evasion, and one that is costing the Australian state billions of dollars of revenue on an annual basis. What are phoenix companies? Before […]

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  • How do you pick the right voluntary administrator?

    It is essential that directors pick a voluntary administrator who is hard working, ethical, and experienced. For the voluntary administration to be successful through a compromise, you’ll need a lot of skill and a little luck. The first step before appointing a voluntary administrator is for company directors to define what they want the process […]

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