Australian Airline Rex Enters Voluntary Administration

Australian airline Rex has entered into voluntary administration, the second domestic airline to fail this year in a market dominated by Qantas Airways Ltd. Regional Express Holdings Ltd., as Rex is formally known, has appointed Ernst & Young as administrators, according to a statement on Tuesday. Domestic flights on Rex’s fleet of Boeing Co. 737…

How can a former director respond to a DPN?

The Federal Court’s recent decision in Hall v CAP Security Services Pty Ltd [2023] FCA 1237 highlights an interesting and practical solution for former directors who receive a director penalty notice after their directorship has ended. Director penalty notices (DPNs) The Australian Taxation Office (ATO) can issue a DPN to the director of a company…