As the country went into lockdown from March 2020, the government was rightly concerned with ensuring that support measures reached people and businesses in need as quickly as possible. This led to an unprecedented level of funds being made available using new schemes and mechanisms. Moratoriums on enforcement action included protection for directors against liabilities…
1 INTRODUCTION: DIRECTORS’ DUTIES IN A CRISIS Relief from directors’ duties to avoid trading whilst insolvent has been a common global response to the economic crisis precipitated by the COVID-19 pandemic.1 These duties are configured in legislation in different ways, depending on the jurisdiction, including as a prohibition on insolvent, wrongful or fraudulent trading, or…
John Elliott has been described as”larger-than-life” and “a very special person” as public figures pay tribute to the former president of the federal Liberal Party and the Carlton Football Club after his death. Mr Elliottdied in hospital aged 79 after a short illness following a fall. The businessman was president of the federal Liberal Party…
The inevitable eulogies are flowing thick and fast for former corporate titan John Elliott, with Treasurer Josh Frydenberg and newly returned Victorian Liberal leader Matthew Guy taking pole position. But most testimonials have conveniently ignored Elliotts criminal past, instead focusing on his larger than life personality, leadership of the Carlton Football Club and brief time…
John Elliotts life was a business, sporting and political roller-coaster. The larger-than-life character, who many Liberals once touted as a future Australias prime minister, built and lost a mighty business empire and led the Carlton football club through good times and bad. The gravel-voiced and aggressive chain smoker could be offensive, at least to those…
The directors behind Avacade have each received six-year directorship disqualifications after the Insolvency Service found they had paid themselves 1.4m during a tax investigation. Craig Lummis and his son, Lee Lummis,were banned by Judge Halliwell in Manchesters High Court on August 27, due to the fact they repaid themselves 1.37m despite their company being under…
Businessman John Elliott, who was a Liberal party elder and the longest-serving president of Carlton Football Club, has died in hospital aged 79. His son Tom Elliott told Melbourne radio 3AW his father “had taken his last breath” on Thursday. “He had been ill for a few weeks,” Tom said. “It is very sad news…
Former Liberal Party president and Carlton boss John Elliott has died in hospital aged 79. The businessman was federal president of the Liberal Party from 1987 to 1990 as well as treasurer and vice-president of the Liberal Party in Victoria, as well as its federal treasurer. He also served as the president of the Carlton…
John Elliott, the controversial Australian businessman and former federal president of the Liberal party, has died aged 79. Elliott was also president of the Carlton football club for two decades before being sacked in 2002 after the club breached salary cap rules. He was federal president of the Liberal party in the late 1980s. He…
CASE LAW ALERT: UNFAIR PREFERENCE CLAIMS AND THE SET-OFF “DEFENCE” UNDER SECTION 553C (PART 1 of 2) The Section Section 553C of the Corporations Act 2001 (Cth) (the “Act”) provides for a statutory set-off between an insolvent company and a party seeking to have a debt or claim admitted in the winding up. Provided that…