Business, Restructuring & Insolvency Insights
Practical insights, analysis and updates from WCT Advisory's experienced financial advisory, restructuring and insolvency specialists.
Explore our latest thinking on business financial distress, restructuring, insolvency, corporate finance, taxation, business valuations, director obligations and emerging issues affecting Australian businesses.
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Amendments to the Legal Professions Act 2007 - External Administration
On 25 May 2020, the Justice and Other Legislation Amendment Act 2020 (Qld) came into force. It included amendments to the Legal Profession Act 2007 (Qld) (the Act) which broadened the meaning of suitability matter and a show cause event to include where a person is a director of a company (whether related to law practice or not), which becomes insolvent.
Have you Lodged your Annual Financial Report with the QBCC?
Construction industry licensees must have sufficient working capital to meet Minimum Financial Requirements. Annual financial reports have been introduced to check the financial strength of contractor grade licensees in Queensland and its a big deal.