Mark Bennett, head of agribusiness at ANZ, says the Australian farm debt equation is constantly evolving. AUSTRALIAN family farm debt is skewed heavily towards expanding farm businesses, with the majority of new debt growth going to businesses with loans in excess of $2 million said ANZs manager of agribusiness Mark Bennett. At the other end…
Andrew Tate, president of insolvency and restructuring trade body R3, and a partner and head of restructuring at Kreston Reeves, examines the governments proposed changes to the UKs insolvency and restructuring framework, and highlights the professions concerns. The UKs framework for insolvency and restructuring is one of the most effective in the world. Our insolvency…
Related Story: Workers owed $1.6M after Bendigo Hospital contractor’s collapse Property owners say they feel betrayed and have lost thousands of dollars after Victorian building company Watersun Homes was placed into voluntary administration. Rodgers Reidy in Melbourne was appointed as administrator for Watersun Homes on Tuesday and said the company did…
A home building company that at one stage sponsored the St Kilda Football team, Watersun Homes, has gone into administration with the loss of 90 jobs. The residential builder was working on about 300 homes in metro Melbourne and regional Victoria when it was voluntarily placed in administration on Tuesday. Watersun Homes was working on about…
Watersun Homes enters administration exit UPDATE, 4pm: Insufficient funds have been cited as the reason for Watersun Homes entering into voluntary administration. Ninety full time jobs will be lost as a result of the administration process. All staff were informed today, according to a statement. Administrators are expected to contact property owners who have contracted the…
WATERSUN Homes, which has a display site in Moama, has gone into voluntary administration today. Its Moama phone number was not answering and the companys website appears to have been taken down. Neil Mclean and Mathew Gollant of Rodgers Reidy Melbourne have been appointed as joint administrators of Watersun Homes (WSH Group P/L). The company…
Administrators report recommends vote for liquidation. Pumpkin Patch’s history is broadly explained by the administrators as having two phases. Photo / Nick Reed A union lobbying for hundreds of Pumpkin Patch workers owed millions by the collapsed childrens’ retailer said it would vote in favour of liquidation for the company. Pumpkin Patch entered voluntary…
A small business owner has opened up about the difficulties of managing cashflow in a growing business, after his personal training company Rapid Personal Training entered liquidation yesterday. Insolvency firm Hogan and Sprowles has been appointed to manage the liquidation of Rapid PT, which employs three full-time staff and 17 contractors, and has seven locations spread across Sydney and…
Releasing the final report of a three-part research project aimed at determining the best methods of addressing phoenix activity, researchers at the Melbourne Law School and the Monash Business Law School have called for action across 25 areas to detect, disrupt and punish harmful and illegal activity. Under one recommendation, anyone who has been an…
As a parent of a recent college graduate, you may be asking if your young adult will ever move out of the house or pay the student loan you supported. As an employer, you may think that student loan doesnt impact who you hire or how well you retain millennial talent. Its time to think…