Productivity Commission recommends streamlining liquidations for small … – SmartCompany.com.au

The Productivity Commission has recommended the federal government introduce a streamlined process for small businesses going through a voluntary liquidation. The recommendation is one of 15 contained in the commissions final report into the barriers to setting up and closing or transferring a business in Australia, which commenced in November 2014. Released on December 7,…

Innovation statement’s significant insolvency changes are well overdue – The Conversation AU

Those looking for the detail on insolvency changes announced in the Federal Governments long awaited innovation statement wont find it on the government website. But the Productivity Commissions report, Business set-up, Transfer and Closure, also released yesterday, acts as a companion piece to explain the Federal Governments intention to introduce significant changes to Australias insolvency…

James Packer in talks to privatise Crown Resorts casino assets – Sydney Morning Herald

Crown Resorts, of which James Packer is a director, had a board meeting on Wednesday. Photo: Pat Scala James Packer has held talks with potential partners about buying assets held by his majority-owned casino operator Crown Resorts, but the billionaire is yet to raise the privatisation plan with his fellow directors. Any privatisation plan that is being hatched…

Toshiba eyes thousands of job cuts, sale of Toshiba Tec, in major restructuring – The Japan Times

Toshiba Corp. is considering slashing several thousands of jobs worldwide as it aims to restructure its loss-making, television, personal computer and white goods businesses, sources close to the matter said Tuesday. The scandal-hit conglomerate is expected to solicit early retirements and to transfer workers, the sources said, adding that the company could unveil such plans…

Will the government’s statement deliver Australia a world class National … – StartupSmart

The Prime Ministers announcement on Monday 7 December of a National Innovation and Science Agenda is a welcome development. However, the challenge will be for the government to turnaround our National Innovation System (NIS) which has been steadily in decline for some time. As outlined in the Prime Ministers statement, Australia has many world class…