The federal government will guarantee all regional flight bookings for customers of Rex during its administration process over the next month. Administrators were appointed to oversee Rex after the airline collapsed in late July, resulting in about 600 job losses. Federal Transport Minister Catherine King said the regional flight guarantee would provide certainty for Rex’s…
HECS-HELP debts set to rise by 4.8% in June Money magazine Read the original article here
Gemini customers get back over $2 billion in crypto from Genesis bankruptcy Reuters Read the original article here
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Los Angeles Dodgers designated hitter Shohei Ohtani’s interpreter Ippei Mizuhara stands in the dugout during an opening day baseball game against the San Diego Padres at the Gocheok Sky Dome in Seoul, South Korea, on Wednesday, March 20, 2024. (AP Photo/Lee Jin-man) NEW YORK — Ippei Mizuhara,…
Australia regulator flags surge in company insolvencies to 11-year high Reuters Read the original article here
Andrew Bayly’s big move: Companies Act to get a makeover BusinessDesk Read the original article here
In short: Changes to the way HECS-HELP debt is calculated have been recommended after a review of Australia’s universities. Banks are being urged to change the way they assess HECS-HELP debt when people apply for home loans. What’s next?: The federal government is considering the university review recommendations. The head of a review into Australia’s universities has urged the government…
Birmingham City Council had to issue a section 114 notice in August 2023 facing a bill for equal pay claims of up to £760m. Photo by Shutterstock Councils across the country find themselves in a turbulent financial position. Since 2021 six local authorities have declared themselves effectively bankrupt, with a raft of councils warning they…
Booktopia co-founder Tony Nash. Source: supplied. Australian online book retailer Booktopia has entered voluntary administration, following a first-half revenue downturn and struggles to secure additional funding. The ASX-listed company on Wednesday appointed McGrathNicol restructuring partners Keith Crawford, Matthew Caddy, and Damien Pasfield as voluntary administrators. The administrators are “undertaking an urgent assessment of Booktopia’s business…