Insolvency Guardian Media Centre
Fresh twist as 122yo North Shore bowls club saved from collapse dailytelegraph.com.au
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Facebook App: Open links in External Browser
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- Banking regulator directs temporary suspension of loan repayments for 3 to 6 months
- New loans to carry capped interest rates at 9% and grace periods for repayment
- Banks told to waive penalties and refund automated charges
- Banks must give written reasons for any rejection, inform borrowers of right to appeal to CBSL’s Financial Consumer Relations Department
- Instructs banks not to reject new loan applications solely due to adverse CRIB records
- In first nine months of 2025, private sector borrowing had increased by 22% to Rs. 1.36 t
The Central Bank of Sri Lanka (CBSL) as the regulator has directed all licenced banks to implement a series of relief measures for individuals and businesses whose…
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Flood-hit borrowers to get debt relief, new loans under CBSL directive Daily Mirror – Sri Lanka
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Flood-hit borrowers to get debt relief, new loans under CBSL directive Daily Mirror – Sri Lanka
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Flood-hit borrowers to get debt relief, new loans under CBSL directive Daily Mirror – Sri Lanka
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The motorcycle clothing and accessories retailer POLO Motorrad Österreich GmbH is insolvent and is undergoing bankruptcy proceedings. The chain of stores sees no chance of continuing operations or restructuring.
- Liabilities of around €1.7 million
- Four branches affected in Vienna, Salzburg, and Traun
- 24 employees and 27 creditors affected
The insolvency of POLO Motorrad Österreich GmbH marks a significant turning point in the Austrian accessories trade for motorcycle clothing, helmets, technical equipment, and leisure items. The company operated four stores and was closely linked to its German parent company POLO Motorrad und Sportswear GmbH through a commercial agency agreement.
Background to the…
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Australia needs to overhaul its “outdated” tax system, with the introduction of a controversial tax a key part of the change.
In its latest economic report Deloitte calls for the government to urgently fix Australia’s tax system under a five-point plan.
In one of the more controversial elements of this tax change, Deloitte is calling for an introduction of an inheritance tax.
According to Deloitte, a wealth tax should start at 10 per cent for assets worth more than $100,000, adding on average about $3bn to the national coffers.
While this has always been a controversial tax in Australia, much of the western world has already implemented a death duty.
Deloitte Access Economics partner Stephen Smith said introducing an inheritance tax…
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