Forget the debt: Nick Xenophon wants Bob Day and Rod Culleton off the hook – The Sydney Morning Herald

Crossbench kingmaker Nick Xenophon has called on the Turnbull government to abandon any plans to force dumped senators Bob Day and Rod Culleton to repay their taxpayer-funded salaries and allowances. Senator Xenophon says it’s “ridiculous” the Department of Finance has sent the pair letters telling them they are required to pay back the salaries, expenses and staff costs…

‘Gone fishing’: One Nation ‘senator’ Rod Culleton tries to dodge impersonation claims – The Flinders News

‘Gone fishing’: One Nation ‘senator’ Rod Culleton tries to dodge impersonation claims Former senator Rod Culleton has updated his Facebook page. Photo: Facebook Mr Culleton is still using his parliamentary email but has added “Gone Fishin’” to his signature. Photo: Facebook Rodney Culleton and One Nation leader Pauline Hanson in parliament in November. Photo: Alex…

New insolvency law for groups of companies finalised – International Law Office (registration)

Introduction Single court for group Choice of insolvency administrator New coordination proceeding Comment Introduction The Law for the Facilitation and Management of the Insolvencies of Groups of Companies was finalised on April 13 2017 and announced on April 21 2017. It will enter into force on April 21 2018. Contrary to certain requests within German…

Australia’s largest tax fraud syndicate had its origins in modest Menai – The Sydney Morning Herald

From a quiet street in Menai to the sands of Bondi Beach, the largest alleged tax fraud syndicate in the country’s history had somewhat humble beginnings. Adam Cranston, 30, son of Australian Taxation Office deputy commissioner Michael Cranston, was arrested on Wednesday with police alleging he set up and ran the $165 million tax fraud…

Rickmers warns of insolvency if bondholders reject restructuring plan – Seatrade Maritime News

Rickmers Group has warned bondholders that the company will face insolvency if they do not vote in favour of financial restructuring plans. Should the noteholders not consent to the proposed resolutions, this would presumably result in the insolvency of Rickmers Holding, the company said in a Q&A on its bond restructuring. Should Rickmers be declared…

Tree Children owner Sara Raider went bankrupt owing $600,000 … – Stuff.co.nz

ALDEN WILLIAMS/FAIRFAX NZ Tree Children’s Sara Raider declared bankruptcy owing hundreds of thousands of dollars.   The strange saga of Nelson’s quirkiest trinket shop has taken yet another twist, with the revelation that its owner ran up debts of more than half a million dollars during Tree Children’s brief period of trading. Sara Raider went bankrupt owing…