Helen Anderson, Ian Ramsay, and Jasper Hedges, University of Melbourne, and Michelle Welsh, Monash University
To stamp out illegal phoenix activity, directors should be required to have identification numbers. And, if theyve had many corporate failures, they should be classed in a new probationary category, our research shows.
These are a few of several measures we have designed to detect and pre-emptively disrupt those bent on using company liquidation or deregistration to avoid payment of debtsbefore they do harm.
When it comes to stamping out such illegal phoenix activity in Australia, a primary focus on prosecuting those who have done the wrong thing has not been successful.
