Treasurer Josh Frydenberg has unveiled the federal governments 20212022 budget, committing tosupporting jobs and essential servicesin the year ahead. In response, non-bank small business lender ScotPac said, overall, the budget gives SMEs a great opportunity to invest in their own growth so recovery momentum continues. There are positive initiatives to support the small business sector,…
An Auckland property company that took millions in taxpayer funds to house the homeless has left Inland Revenue (IRD) and landlords out of pocket after going into liquidation. File picture. Source: rnz.co.nz By Nita Blake-Persen for rnz.co.nz Silverfern Property Services has received more than any other outfit for emergency housing – $14.7 million – and…
Thats why the Morrison government is committed to building on our already significant insolvency reforms, keeping more businesses in business and driving Australias economic growth. The new measures will make up part of the non-spending announcements in the May 11 budget and undergo a period of consultation and review to determine if and how they…
Employees working for an insolvent company will have to be given at least 30 days’ notice of redundancy, under new legislative reforms to be introduced by the Government. The proposal is part of a new Department of Enterprise, Trade and Employment Action Plan to boost the rights of employees hit by insolvency – an issue…
The company logo for Electricite de France (EDF) is seen in Paris, France, March 2, 2021. REUTERS/Benoit Tessier French state-controlled power group EDF (EDF.PA) said on Wednesday that talks over a restructuring of the company between France and the European Commission remained difficult, as EDF posted higher first quarter sales. The talks between France and…
An Auckland property company that took millions in taxpayer funds to house the homeless has left Inland Revenue (IRD) and landlords out of pocket after going into liquidation. File photo. Photo: RNZ Silverfern Property Services has received more than any other outfit for emergency housing – $14.7 million – and charged nearly $2000 per client…
The Government is to introduce new legislative reforms over the medium term to enhance the rights of employees facing collective redundancies following insolvency. In a new action plan, the Department of Enterprise and Employment says that in future workers affected by collective redundancy will in all cases have to receive 30 days notice. The plan,…
Credit cards are once again an incendiary topic for sports gambling bodies in Australia, lawmakers and anti-gambling bodies. Credit Cards Once in the Crosshairs of Lawmakers A bill sponsored by Senator Stirling Griff in Australia is facing pushback from the gambling industry as the legislation seeks to minimize the use of credit cards for the…
Virgin Active UK business restructuring sanctioned by the English Court BRAIT P.L.C.(Registered in Malta as a Public Limited Company)(Registration No. C97843)Share code: BAT ISIN: LU0011857645Bond code: WKN: A2SBSU ISIN: XS2088760157LEI: 549300VB8GBX4UO7WG59(Brait) VIRGIN ACTIVE UK BUSINESS RESTRUCTURING SANCTIONED BY THE ENGLISH COURT 1. Introduction Brait released update announcements on the website of the Luxembourg Stock Exchange…
SAN JOSE, Calif., May 11, 2021 /PRNewswire/ — When you’re struggling with credit card debt, rising balances on your monthly statements and collection calls can add to your anxiety. However, you don’t have to face your creditors alone. Many credit counseling agencies offer debt management plans (DMPs), which allow a counselor to act as an…