Space start-up Equatorial Launch Australia goes into liquidation, owing NT government $5m

A space start-up once billed as the future of Australia’s rocket launch industry has collapsed into liquidation, still owing the Northern Territory government more than $5 million. A notice issued by financial regulator the Australian Securities and Investments Commission (ASIC) last week confirmed Equatorial Launch Australia (ELA) would be wound up and Geoffrey Peter Granger…

Small business restructuring in Australia: Two years on, is the new process working as intended? | Australia | Global law firm

From 1 January 2021, Australia’s insolvency framework for small businesses changed. The purpose of the change was to assist small businesses, with debts under AUD $1 million, to survive – specifically, by providing these businesses with simpler, more flexible restructuring options outside the existing “one size fits all” voluntary administration and scheme of arrangement processes…

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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…