What are the new penalties for directors in Australia?

What are the new penalties for directors?

Estimated reading time: 6 minutes

Directors need to be aware that having the ‘best of intentions’ will often not be enough to avoid liability for a breach of the duty under the new penalties.

Cure Cancer Lab Tour photos

Cure Cancer Lab Tour

Estimated reading time: 2 minutes

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…

How do you respond to an ATO garnishee notice?

How do you respond to an ATO garnishee notice?

Estimated reading time: 6 minutes

Garnishee notices are designed as a last resort strategy in cases involving significant tax debts and uncooperative debtors and should be taken very seriously. They can be embarrassing, or even damaging, as they drag third parties into your personal financial affairs.

What is the ROCAP and what does it have to do with 'phoenix activity'?

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

Estimated reading time: 10 minutes

In article: 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…

Charity fundraiser for Cure Cancer Australia at Sokyo at the Star

Charity fundraiser for Cure Cancer Australia at Sokyo at the Star

Estimated reading time: 2 minutes

Sewell & Kettle are proud to support the efforts of Cure Cancer Australia. On Friday 5 October 2018 our firm held a charity fundraiser for Cure Cancer Australia at Sokyo restaurant at the Star. Which charity was supported? All monies…

Deed and an agreement - what is the difference?

What is the difference between a deed and an agreement?

Estimated reading time: 4 minutes

In article: A deed and an agreement are two types of legal instruments that are sometimes used interchangeably. However, in fact, they are two very different species and their incorrect use may have adverse consequences on certain transactions. A deed…

Winding up application. Applications to wind up a company in insolvency

Applications to wind up a company in insolvency

Estimated reading time: 6 minutes

Pursuant to section 459C(2) of the Act, an application to wind up a company in insolvency must be done within 3 months of the date that a company is presumed to be insolvent.

Insolvency. What is the legal meaning of insolvency?

What is the legal meaning of insolvency?

Estimated reading time: 8 minutes

Insolvency is the term that is used to describe the position of a company when it is unable to pay its debts as they become due and payable It is interpreted by the Courts using what is known as the…