NSW mine rehabilitation funds inadequate and outcomes vague: Auditor-General – The Sydney Morning Herald

Provisions to rehabilitate the state’s 450 mines in NSW are inadequate, their required outcomes vague and the risks of long-term failure are uncovered, according to a report by the Auditor-General. While the total value of deposits made by mining companies had quadrupled since 2005 from $500 million to $2.2 billion as of the end of last year, the…

Property Ventures liquidator alleges PwC helped firm skirt insolvency – New Zealand Herald

The liquidator for Property Ventures alleged PwC helped the firm dodge insolvency. Photo / 123RF PwC advised Property Ventures (PVL) on ways to continue trading when by some accounts it was insolvent while at the same time giving David Henderson’s failed property development company a clean bill of health as statutory auditor, the liquidators allege.…

Treasury to fast-track rules to save struggling companies – The Australian Financial Review

The federal Treasury is expected to fast-track new insolvency laws to encourage entrepreneurialism and keep struggling companies alive as economic growth risks slowing and interest rates remain on pause. The new rules will give directors breathing space to take reasonable risks by providing a “safe harbour” from insolvent trading liabilities, and prevent contractors from using…