Insolvency rates to flow when stimulus tap turns off – Sunshine Coast Daily

ONE of the regions largest liquidation firms fear waves of insolvency rates will flow on the Sunshine Coast once the government support tap turns off. Worrells Solvency and Forensic Accountants partner Paul Nogueira said insolvency rates had been down since March due to the Federal Governments lifeline packages which kept businesses afloat. READ: No incentive:…

Cricket Business : After firing CEO, Cricket Australia now cuts 40 staff in restructuring – InsideSport

Cricket Australia will cut 40 staff and slash executive pay as part of a restructuring effort to shore up finances hit by the coronavirus pandemic, the board said on Wednesday. The cost-cutting measures, which also include the suspension of international tours for lower-tier and junior teams, will save the board up to A$40 million a…

Supreme Court: adjudication compatible with UK insolvency regime – Out-Law.com

Construction disputes expert Lawrence Davies of Pinsent Masons, the law firm behind Out-Law, said the eagerly anticipated decision means that contractors can expect to receive a significant increase in adjudications brought by insolvent sub-contractors, especially in light of the economic difficulties many companies in the construction industry are likely to face as a result of…

Accessing super early has helped some young Australians survive COVID-19. Others have spent it very differently. – ABC News

Imogen didn’t want to dip into her super early. She’s a uni student from Brisbane, and has been working casually in hospitality while studying. Then the pandemic hit. She’s out of work, and just misses out on Centrelink payments because she’s 21. The government still considers her a dependent, supported by her parents – even…